Cullen/Frost Bankers Given Average Rating of “Hold” by Analysts (NYSE:CFR)
Cullen/Frost Bankers (NYSE:CFR) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the company, American Banking News reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $75.00.
A number of analysts have recently weighed in on CFR shares. Analysts at Deutsche Bank reiterated a “positive” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, April 30th. Separately, analysts at Jefferies Group raised their price target on shares of Cullen/Frost Bankers from $73.00 to $75.00 in a research note on Friday, April 25th. Finally, analysts at Barclays raised their price target on shares of Cullen/Frost Bankers from $70.00 to $75.00 in a research note on Thursday, April 24th. They now have an “underweight” rating on the stock.
Cullen/Frost Bankers (NYSE:CFR) traded up 0.79% during mid-day trading on Thursday, hitting $76.24. 15,795 shares of the company’s stock traded hands. Cullen/Frost Bankers has a 52-week low of $62.03 and a 52-week high of $80.38. The stock has a 50-day moving average of $77.24 and a 200-day moving average of $74.18. The company has a market cap of $4.644 billion and a P/E ratio of 19.65.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.96 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.98 by $0.02. During the same quarter last year, the company posted $0.91 earnings per share. Analysts expect that Cullen/Frost Bankers will post $4.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, May 28th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.50.
Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.
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