Cullen/Frost Bankers (NYSE:CFR) released its quarterly earnings data on Wednesday. The bank reported earnings per share of $1.54 for the quarter, beating Thomson Reuters consensus estimate of $1.34 by $0.20, MarketWatch Earnings reports. The company posted revenue of $349.76 million for the quarter, compared to $350.93 million expected by analysts. Cullen/Frost Bankers had a return on equity of 10.29% and a net margin of 31.19%. The company’s revenue increased 4.9% year over year. In the same quarter a year earlier, the company earned earnings per share of $1.38.
CFR shares traded at $4.52 on Friday, hitting $140.32. The stock had a trading volume of 658,680 shares, compared to an average trading volume of 451,020. The stock has a market capitalization of $8.94 billion, a P/E ratio of 21.26, a price ratio of / earnings growth of 2.55 and a beta of 1.41. The company has a debt ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50-day simple moving average of $131.15 and a 200-day simple moving average of $122.77. Cullen/Frost Bankers has a 1-year low of $91.23 and a 1-year high of $143.94.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Monday, February 28 will receive a dividend of $0.75. The ex-dividend date is Friday, February 25. This represents a dividend of $3.00 on an annualized basis and a dividend yield of 2.14%. Cullen/Frost Bankers’ dividend payout ratio (DPR) is currently 45.45%.
In a similar vein, CFO Jerry Salinas sold 36,580 Cullen/Frost Bankers shares in a trade on Wednesday, November 10. The stock was sold at an average price of $134.88, for a total transaction of $4,933,910.40. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, CEO Phillip D. Green sold 77,575 Cullen/Frost Bankers shares in a trade on Tuesday, November 2. The shares were sold at an average price of $136.66, for a total value of $10,601,399.50. The disclosure of this sale can be found here. Insiders sold 121,656 shares of the company worth $16,543,214 during the last quarter. 4.50% of the shares are held by insiders of the company.
An institutional investor recently bought a new position in shares of Cullen/Frost Bankers. OLD Mission Capital LLC purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE: CFR) during the third quarter, according to its most recently filed Form 13F with the Securities & Exchange Commission. The company purchased 21,254 shares of the bank, valued at approximately $1,359,000. 82.51% of the shares are held by hedge funds and other institutional investors.
The CFR has been the subject of a number of analyst reports. Stephens raised his price target on Cullen/Frost Bankers from $120.00 to $134.00 and gave the company an “equal weight” rating in a Friday, October 29 research note. Royal Bank of Canada raised its price target on Cullen/Frost Bankers from $126.00 to $135.00 and gave the stock an “sector performance” rating in a Friday, October 29 report. Morgan Stanley raised its price target on Cullen/Frost Bankers from $100.00 to $108.00 and gave the company an “underweight” rating in a Monday, Dec. 6 report. Truist Financial raised its price target on Cullen/Frost Bankers from $117.00 to $130.00 and gave the company a “holding” rating in a Friday, October 1 report. They noted that the move was a review call. Finally, Maxim Group raised its price target on Cullen/Frost Bankers from $157.00 to $162.00 in a research report on Friday. Two equity research analysts rated the stock with a sell rating, three issued a hold rating, one assigned a buy rating and one assigned a strong buy rating to the company’s stock. . Based on MarketBeat data, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $132.71.
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc operates as the banking holding company of Frost Bank, which provides commercial and consumer banking, as well as trust and investment management, mutual funds, investment banking , insurance, brokerage, leasing, asset-lending, cash management and item processing services.
See also: What you need to know about dual listing
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Cullen/Frost Bankers right now?
Before you consider Cullen/Frost Bankers, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Cullen/Frost Bankers wasn’t on the list.
While Cullen/Frost Bankers currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here