Cullen/Frost Bankers Given Average Recommendation of “Hold” by Analysts (NYSE:CFR)
Cullen/Frost Bankers (NYSE:CFR) has been given an average recommendation of “Hold” by the sixteen brokerages that are covering the company, Stock Ratings Network.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $75.92.
Shares of Cullen/Frost Bankers (NYSE:CFR) opened at 76.67 on Tuesday. Cullen/Frost Bankers has a one year low of $68.01 and a one year high of $81.02. The stock has a 50-day moving average of $78.34 and a 200-day moving average of $76.49. The company has a market cap of $4.828 billion and a P/E ratio of 19.46.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.01. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, analysts predict that Cullen/Frost Bankers will post $4.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Wednesday, August 27th.
A number of analysts have recently weighed in on CFR shares. Analysts at FBR Capital Markets raised their price target on shares of Cullen/Frost Bankers from $63.00 to $68.00 in a research note on Friday, August 1st. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Cullen/Frost Bankers in a research note on Thursday, July 31st. They now have a $77.00 price target on the stock, up previously from $73.00. Finally, analysts at Portales Partners upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 31st.
In other Cullen/Frost Bankers news, CEO Richard W. Evans, Jr. unloaded 44,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $76.03, for a total transaction of $3,345,320.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Cullen/Frost Bankers, Inc (NYSE:CFR), is a financial holding company and a bank holding company.
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