Dividend Coverage: $0.54 dividends just around the corner for Cullen/Frost Bankers, Inc. (NYSE:CFR) shareholders.

Dividend Coverage: $0.54 dividends just around the corner for Cullen/Frost Bankers, Inc. (NYSE:CFR) shareholders.

Cullen/Frost Bankers, Inc. (NYSE:CFR) is expected to pay $0.54 on Dec 15, 2016. The indicated annual dividend is $2.16. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Cullen/Frost Bankers, Inc.’s current price of $83.02, the dividend is 0.65%. This dividend’s record date is Nov 30, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.81% or $0.67 on November 25, hitting $83.02. About 226,515 shares traded hands. Cullen Frost Bankers, Inc. (NYSE:CFR) has risen 37.43% since April 25, 2016 and is uptrending. It has outperformed by 31.41% the S&P500.

Cullen/Frost Bankers, Inc. is a financial holding and bank holding company. The company has a market cap of $5.27 billion. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. It has a 19.37 P/E ratio. It serves various industries, such as energy, manufacturing, services, construction and retail.

Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.32, from 0.98 in 2016Q1. The ratio increased, as 28 funds sold all Cullen Frost Bankers, Inc. shares owned while 90 reduced positions. 25 funds bought stakes while 91 increased positions. They now own 52.07 million shares or 4.27% less from 54.39 million shares in 2016Q1.
First Bank Of Omaha accumulated 0.1% or 20,370 shares. State Of Wisconsin Investment Board holds 0.01% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 34,574 shares. King Luther Cap Mngmt, a Texas-based fund reported 2.30M shares. Moreover, Rench Wealth Mgmt Inc has 0.16% invested in Cullen Frost Bankers, Inc. (NYSE:CFR) for 3,200 shares. Franklin Res Incorporated has 7,446 shares for 0% of their US portfolio. Victory Capital Mgmt has 0% invested in the company for 6,437 shares. Sunbelt Inc holds 0% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 110 shares. The Minnesota-based Thrivent Fin For Lutherans has invested 0% in Cullen Frost Bankers, Inc. (NYSE:CFR). Bridgewater L P last reported 0.01% of its portfolio in the stock. Blackrock Investment Mgmt Lc accumulated 0.01% or 185,301 shares. Cardinal Cap Mgmt accumulated 4,358 shares or 0.11% of the stock. Rockefeller Finance Svcs holds 0.01% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 4,971 shares. Westfield Cap Communications Ltd Partnership holds 0.15% of its portfolio in Cullen Frost Bankers, Inc. (NYSE:CFR) for 281,001 shares. Fdx Advsr accumulated 0.02% or 7,545 shares. Jcsd Capital Limited Liability Corp accumulated 3.5% or 50,000 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 20 sales for $48.44 million net activity. Another trade for 10,000 shares valued at $793,300 was sold by ALEXANDER R DENNY. The insider Wood Jack A sold 87,000 shares worth $6.94 million. Wolfshohl Candace K sold $314,460 worth of stock or 4,500 shares. Olivier Paul sold $233,831 worth of stock. Berman Bobby sold 9,000 shares worth $631,350. $1.77 million worth of Cullen Frost Bankers, Inc. (NYSE:CFR) was sold by Kardys Richard. 13,500 shares were sold by GREEN PHILLIP D, worth $937,170 on Thursday, July 28.

Cullen Frost Bankers, Inc. (NYSE:CFR) Ratings Coverage

Out of 9 analysts covering CullenFrost (NYSE:CFR), 0 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 0 are positive. $78 is the highest target while $6 is the lowest. The $56 average target is -32.55% below today’s ($83.02) stock price. CullenFrost has been the topic of 30 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Thursday, January 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Neutral” rating on Thursday, August 20 by Sterne Agee CRT. The firm has “Neutral” rating by Macquarie Research given on Thursday, October 27. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Wednesday, January 13, the company rating was downgraded by Macquarie Research. The firm has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. Macquarie Research maintained Cullen Frost Bankers, Inc. (NYSE:CFR) rating on Thursday, January 21. Macquarie Research has “Underperform” rating and $43 price target. On Wednesday, February 24 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Hold” rating by Evercore given on Thursday, June 9. The firm has “Neutral” rating by Compass Point given on Tuesday, June 7.

More news for Cullen Frost Bankers, Inc. (NYSE:CFR) were recently published by: Nasdaq.com, which released: “Cullen/Frost Bankers, Inc. (CFR) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Bizjournals.com‘s article titled: “A glimpse inside Frost Bank’s Dodd-Frank Act stress test results for 2016” and published on November 14, 2016 is yet another important article.

CFR Company Profile

Cullen/Frost Bankers, Inc., incorporated on January 25, 1966, is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. The Firm operates through two divisions: Banking and Frost Wealth Advisors. It serves various industries, which include energy, manufacturing, services, construction, retail, telecommunications, healthcare, military and transportation. The Company’s Banking segment includes both commercial and consumer banking services, Frost Insurance Agency and Frost Securities. The Banking segment offers commercial banking services, including lending and cash management products to firms and other business clients. The Banking segment’s commercial banking services also include direct lending and depository services. Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property, and casualty products. Frost Insurance Agency also offers group health and life insurance products, and human resources consulting services. The Company’s Frost Wealth Advisors segment includes fee services within private trust, retirement services and financial management services, including personal wealth management and securities brokerage services.

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