Cullen/Frost Bankers (NYSE:CFR) posted its quarterly earnings data on Thursday. The bank reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.70, MarketWatch Earnings reports. The company had revenue of $347.32 million for the quarter, compared to the consensus estimate of $357.31 million. Cullen/Frost Bankers had a return on equity of 7.38% and a net margin of 27.84%. During the same quarter in the previous year, the business earned $1.72 EPS.

NYSE:CFR traded down $1.54 during trading hours on Friday, hitting $72.06. 1,295,144 shares of the stock were exchanged, compared to its average volume of 372,494. The company’s 50 day moving average is $72.55 and its two-hundred day moving average is $74.12. Cullen/Frost Bankers has a twelve month low of $47.69 and a twelve month high of $99.42. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.51 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 3.22 and a beta of 1.66.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Friday, August 28th. Cullen/Frost Bankers’s dividend payout ratio is 41.52%.

In related news, EVP William L. Perotti sold 9,360 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $78.81, for a total transaction of $737,661.60. Following the sale, the executive vice president now owns 100,994 shares of the company’s stock, valued at approximately $7,959,337.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jerry Salinas sold 9,661 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.29, for a total value of $756,359.69. Following the sale, the chief financial officer now directly owns 27,785 shares in the company, valued at approximately $2,175,287.65. The disclosure for this sale can be found here. Corporate insiders own 4.75% of the company’s stock.

A number of brokerages have recently weighed in on CFR. Wolfe Research started coverage on Cullen/Frost Bankers in a report on Friday. They set an “underperform” rating on the stock. Bank of America reaffirmed an “underperform” rating and issued a $60.00 price target (up previously from $53.00) on shares of Cullen/Frost Bankers in a research report on Friday, May 1st. Compass Point initiated coverage on Cullen/Frost Bankers in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Maxim Group reissued a “buy” rating and set a $80.00 price objective on shares of Cullen/Frost Bankers in a research report on Saturday, May 2nd. Finally, Cfra cut their price target on Cullen/Frost Bankers from $91.00 to $60.00 and set a “sell” rating for the company in a report on Monday, May 18th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $77.70.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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Earnings History for Cullen/Frost Bankers (NYSE:CFR)

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