The Cullen/Frost board declared a third-quarter cash dividend of $0.95 per common share, representing a 3.3 percent increase compared to the previous quarterly dividend of $0.92 per share. The dividend on common stock is payable September 13, 2024 to shareholders of record on August 30 of this year.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $138.00 → $149.00 | Buy | Maxim Group |
| 8/5/2024 | $112.00 → $121.00 | Equal-Weight → Underweight | Morgan Stanley |
| 7/26/2024 | $132.00 → $138.00 | Buy | Maxim Group |
| 1/8/2024 | Buy → Neutral | Compass Point | |
| 1/3/2024 | $98.00 → $111.00 | In-line → Underperform | Evercore ISI |
| 12/1/2023 | $94.00 | Sell | Citigroup |
| 8/25/2023 | $97.00 → $100.00 | Sell → Neutral | UBS |
| 5/16/2023 | $127.00 → $121.00 | Overweight → Equal-Weight | Morgan Stanley |
SAN ANTONIO, July 1, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) announced today that Jerry Salinas, group executive vice president & chief financial officer of Cullen/Frost and Frost Bank, has decided to retire at the end of 2024. Salinas has worked at Frost since 1986 in several positions, including being named bank and corporate controller in 1989 and treasurer in 1997. He became senior executive vice president and treasurer in 2001 and was named to his current position in 2015. "If you think of any major initiative that the company has undertaken in the past four decades –acquisitions, major transactions, our expansion projects – Jerry played an important role in all of th
SAN ANTONIO, Aug. 9, 2021 /PRNewswire/ -- Frost Bank announced today the addition of C.E. Rhodes to its executive team as group executive vice president, general counsel and corporate secretary. Rhodes most recently was managing director and chief compliance officer at New Fortress Energy Inc. He started his legal career as a commercial litigator at the law firm of Haynes and Boone LLP. He later spent more than 11 years in the Legal Department at Baker Hughes, where he was a vice president and an associate general counsel for global operations. He also served as corporate sen
Maxim Group reiterated coverage of Cullen/Frost with a rating of Buy and set a new price target of $149.00 from $138.00 previously
Morgan Stanley downgraded Cullen/Frost from Equal-Weight to Underweight and set a new price target of $121.00 from $112.00 previously
Maxim Group reiterated coverage of Cullen/Frost with a rating of Buy and set a new price target of $138.00 from $132.00 previously
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Board declares fourth quarter dividend on common and preferred stock SAN ANTONIO, Oct. 31, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported third quarter 2024 results. Net income available to common shareholders for the third quarter of 2024 was $144.8 million compared to $154.0 million for the third quarter of 2023. On a per-share basis, net income available to common shareholders for the third quarter of 2024 was $2.24 per diluted common share, compared to $2.38 per diluted common share reported a year earlier. Returns on average assets and average common equity were 1.16 percent and 15.48 percent, respectively, for the third quarter of 2024 compared to 1.25 percen
SAN ANTONIO, Oct. 4, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, October 31, 2024 to discuss third quarter 2024 earnings. Earnings Release: The earnings release for Cullen/Frost Bankers, Inc. will be available at approximately 8:00 a.m. Central Time (CT) on the internet at https://investor.frostbank.com/. Conference Call and Live Webcast: The conference call will begin at 1:00 p.m. CT (2:00 p.m. Eastern) and will be hosted by Phil Green, Chairman and CEO, Jerry Salinas, Group Executive Vice President and CFO and A.B. Mendez, Senior Vice President and Director of Investor Relations. Following the prepared remarks there will be a question
FORT WORTH, Texas, Sept. 18, 2024 /PRNewswire/ -- Frost has engaged Valor and its mineral management software, mineral.tech®, to support its mineral asset management clients. This proprietary software provides clients with more visibility and transparency in managing their mineral assets. The software digitally maps all interests, digitizes and organizes historical paperwork, tracks revenue and produces reports containing analytics for accounting and auditing needs. Frost has integrated Valor's state-of-the-art mineral management platform, mineral.tech®, to enhance services offered to its mineral asset management clients. By using mineral.tech®, Frost will be able to provide its clients wi
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Board declares fourth quarter dividend on common and preferred stock SAN ANTONIO, Oct. 31, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported third quarter 2024 results. Net income available to common shareholders for the third quarter of 2024 was $144.8 million compared to $154.0 million for the third quarter of 2023. On a per-share basis, net income available to common shareholders for the third quarter of 2024 was $2.24 per diluted common share, compared to $2.38 per diluted common share reported a year earlier. Returns on average assets and average common equity were 1.16 percent and 15.48 percent, respectively, for the third quarter of 2024 compared to 1.25 percen
SAN ANTONIO, Oct. 4, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, October 31, 2024 to discuss third quarter 2024 earnings. Earnings Release: The earnings release for Cullen/Frost Bankers, Inc. will be available at approximately 8:00 a.m. Central Time (CT) on the internet at https://investor.frostbank.com/. Conference Call and Live Webcast: The conference call will begin at 1:00 p.m. CT (2:00 p.m. Eastern) and will be hosted by Phil Green, Chairman and CEO, Jerry Salinas, Group Executive Vice President and CFO and A.B. Mendez, Senior Vice President and Director of Investor Relations. Following the prepared remarks there will be a question
Board increases quarterly common dividend by 3.3 percent to $0.95 SAN ANTONIO, July 25, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported second quarter 2024 results. Net income available to common shareholders for the second quarter of 2024 was $143.8 million compared to $160.4 million for the second quarter of 2023. On a per-share basis, net income available to common shareholders for the second quarter of 2024 was $2.21 per diluted common share, compared to $2.47 per diluted common share reported a year earlier. Returns on average assets and average common equity were 1.18 percent and 17.08 percent, respectively, for the second quarter of 2024 compared to 1.30 perc
The Cullen/Frost board declared a third-quarter cash dividend of $0.95 per common share, representing a 3.3 percent increase compared to the previous quarterly dividend of $0.92 per share. The dividend on common stock is payable September 13, 2024 to shareholders of record on August 30 of this year.
RBC Capital analyst Jon Arfstrom maintains Cullen/Frost Bankers (NYSE:CFR) with a Sector Perform and raises the price target from $118 to $119.