Cullen/Frost Bankers (NYSE:CFR – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14, Briefing.com reports. Cullen/Frost Bankers had a net margin of 24.88% and a return on equity of 17.72%. During the same quarter last year, the business earned $2.47 EPS.
Cullen/Frost Bankers Trading Up 1.7 %
NYSE CFR opened at $119.74 on Friday. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.47 and a beta of 1.03. Cullen/Frost Bankers has a twelve month low of $82.25 and a twelve month high of $123.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $102.68 and its 200 day moving average is $105.89.
Cullen/Frost Bankers Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s payout ratio is presently 43.50%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on CFR
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.
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