Cullen/Frost Bankers, Inc. (CFR) To Go Ex-Dividend on November 30th

Cullen/Frost Bankers, Inc. (NYSE:CFR) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Monday, November 30th will be paid a dividend of $1.03 per share by the bank on Tuesday, December 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 30th.

Cullen/Frost Bankers has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 32 years. Cullen/Frost Bankers has a payout ratio of 43.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cullen/Frost Bankers to earn $11.66 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 35.3%.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $157.76 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50 day moving average price of $157.94 and a 200 day moving average price of $148.72. The firm has a market capitalization of $9.80 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers has a 52-week low of $119.14 and a 52-week high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. The firm had revenue of $603.83 million for the quarter, compared to the consensus estimate of $610.19 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter in the prior year, the company posted $2.67 earnings per share. As a group, sell-side analysts predict that Cullen/Frost Bankers will post 10.94 earnings per share for the current year.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently made changes to their positions in CFR. BlackRock Inc. bought a new stake in Cullen/Frost Bankers during the 2nd quarter worth $1,133,453,000. Jupiter Topco LLC bought a new position in Cullen/Frost Bankers during the second quarter valued at $94,297,000. William Blair Investment Management LLC purchased a new stake in shares of Cullen/Frost Bankers during the second quarter worth $89,425,000. The Manufacturers Life Insurance Company bought a new position in Cullen/Frost Bankers in the 2nd quarter worth about $80,127,000. Finally, Bank of New York Mellon Corp bought a new stake in Cullen/Frost Bankers in the 2nd quarter worth approximately $79,846,000. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.