Cullen/Frost Bankers (NYSE:CFR) had its target price lifted by Jefferies Group from $65.00 to $68.00 in a research note released on Thursday morning, StockRatingsNetwork.com reports. They currently have a hold rating on the stock.
Jefferies Group has also updated their ratings on a number of other financials stocks in the last week. The firm raised its price target on shares of SVB Financial Group from $85.00 to $93.00. They have a hold rating on that stock. Also, Jefferies Group raised its price target on shares of IBERIABANK Corp. from $57.00 to $61.00. They have a hold rating on that stock.
A number of other firms have also recently commented on CFR. Analysts at BMO Capital Markets raised their price target on shares of Cullen/Frost Bankers from $60.00 to $63.00 in a research note to investors on Tuesday, October 8th. They now have an underperform rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Cullen/Frost Bankers in a research note to investors on Tuesday, October 8th. They now have a $73.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $65.00 to $67.00 in a research note to investors on Friday, August 16th. They now have an underperform rating on the stock. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $65.97.
Shares of Cullen/Frost Bankers (NYSE:CFR) traded up 0.13% during mid-day trading on Thursday, hitting $70.55. 184,932 shares of the company’s stock traded hands. Cullen/Frost Bankers has a 52-week low of $53.37 and a 52-week high of $76.36. The stock has a 50-day moving average of $70. and a 200-day moving average of $68.11. The company has a market cap of $4.268 billion and a price-to-earnings ratio of 18.59.
Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. During the same quarter in the previous year, the company posted $0.95 earnings per share. Analysts expect that Cullen/Frost Bankers will post $3.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, November 26th.
Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.
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