The Cullen/Frost Bankers’ (CFR) Maintain Ranking Reiterate at Jefferies Group

Cullen/Frost Bankers Inc. logoJefferies Group restated their maintain ranking on shares of Cullen/Frost Bankers Inc. (NYSE:CFR) in a report issued on Tuesday morning. Jefferies Group at present has a $72.00 goal worth on the inventory.

A number of different equities badysts have additionally not too long ago weighed in on CFR. JPMorgan Chase & Co. elevated their worth goal on shares of Cullen/Frost Bankers from $55.00 to $58.00 and gave the inventory an underweight ranking in a badysis word on Thursday, July seventh. Royal Financial institution Of Canada elevated their worth goal on shares of Cullen/Frost Bankers from $63.00 to $70.00 and gave the inventory a sector carry out ranking in a badysis word on Thursday, July 28th. Maxim Group raised their goal worth on shares of Cullen/Frost Bankers from $70.00 to $85.00 and gave the inventory a purchase ranking in a badysis word on Thursday, July 28th. Barclays PLC raised their goal worth on shares of Cullen/Frost Bankers from $70.00 to $72.00 and gave the inventory an underweight ranking in a badysis word on Thursday, July 28th. Lastly, RBC Capital Markets restated a sector carry out ranking and set a $70.00 goal worth (up beforehand from $63.00) on shares of Cullen/Frost Bankers in a badysis word on Thursday, July 28th. Two equities badysis badysts have rated the inventory with a promote ranking, eleven have issued a maintain ranking and three have badigned a purchase ranking to the corporate’s inventory. Cullen/Frost Bankers presently has a consensus ranking of Maintain and a median worth goal of $68.50.

Cullen/Frost Bankers (NYSE:CFR) opened at 73.97 on Tuesday. The inventory has a market capitalization of $four.66 billion, a P/E ratio of 17.20 and a beta of 1.15. Cullen/Frost Bankers has a 1-year low of $42.41 and a 1-year excessive of $77.68. The agency’s 50 day transferring common is $72.47 and its 200 day transferring common is $67.68.

Cullen/Frost Bankers (NYSE:CFR) final launched its earnings outcomes on Wednesday, October 26th. The corporate reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $zero.08. The agency had income of $317.78 million for the quarter, in comparison with the consensus estimate of $301.04 million. Cullen/Frost Bankers had a internet margin of 25.06% and a return on fairness of 9.61%. The corporate’s income was up 2.9% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency earned $1.17 EPS. On common, equities badysis badysts anticipate that Cullen/Frost Bankers will publish $four.65 earnings per share for the present yr.

The corporate additionally not too long ago disclosed a quarterly dividend, which might be paid on Thursday, December 15th. Buyers of report on Wednesday, November 30th might be issued a $zero.54 dividend. The ex-dividend date is Monday, November 28th. This represents a $2.16 annualized dividend and a dividend yield of two.92%. Cullen/Frost Bankers’s payout ratio is at present 50.00%.

In badociated information, Director Jack A. Wooden offered 75,00zero shares of Cullen/Frost Bankers inventory in a transaction dated Friday, October 28th. The inventory was offered at a median worth of $75.71, for a complete worth of $5,678,250.00. The transaction was disclosed in a submitting with the Securities & Change Fee, which is out there by means of this hyperlink. Additionally, Director Jack A. Wooden offered 2,00zero shares of Cullen/Frost Bankers inventory in a transaction dated Thursday, September 1st. The shares had been offered at a median worth of $73.14, for a complete worth of $146,280.00. The disclosure for this sale may be discovered right here. eight.03% of the inventory is owned by company insiders.

A number of hedge funds have not too long ago added to or diminished their stakes within the inventory. Vanguard Group Inc. elevated its stake in Cullen/Frost Bankers by four.eight% within the second quarter. Vanguard Group Inc. now owns four,153,968 shares of the corporate’s inventory valued at $264,732,00zero after shopping for a further 188,738 shares over the past quarter. King Luther Capital Administration Corp elevated its stake in Cullen/Frost Bankers by 1.7% within the second quarter. King Luther Capital Administration Corp now owns 2,296,640 shares of the corporate’s inventory valued at $146,365,00zero after shopping for a further 39,329 shares over the past quarter. Neuberger Berman Group LLC elevated its stake in Cullen/Frost Bankers by 12.7% within the third quarter. Neuberger Berman Group LLC now owns 2,109,902 shares of the corporate’s inventory valued at $151,786,00zero after shopping for a further 237,871 shares over the past quarter. BlackRock Fund Advisors elevated its stake in Cullen/Frost Bankers by three.four% within the second quarter. BlackRock Fund Advisors now owns 1,925,953 shares of the corporate’s inventory valued at $122,741,00zero after shopping for a further 63,851 shares over the past quarter. Lastly, BlackRock Institutional Belief Firm N.A. elevated its stake in Cullen/Frost Bankers by zero.eight% within the second quarter. BlackRock Institutional Belief Firm N.A. now owns 1,596,465 shares of the corporate’s inventory valued at $101,743,00zero after shopping for a further 11,950 shares over the past quarter. Hedge funds and different institutional traders personal 84.73% of the corporate’s inventory.

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