Cullen/Frost Bankers, Inc. (CFR): A Bull case theory

We met with a bullish thesis In Cullen/Frost Bankers, Inc. (CFR) on the substitute of Serhio Maxdivides. In this article, we will summarize the thesis of bulls on Cfr. The Cullen/Frost Bankers fee, Inc. (CFR) quoted $ 122.39 from May 6^th. The P/E of CFR was 13.43 and 13.64 respectively according to Yahoo Finance.

A bustling corner of the financial district with a regional bank branch in the foreground.

Cullen/Frost Bankers (CFR), a Texas -based regional bank with $ 52 million in assets, continues to demonstrate stability and commitment of shareholders, recently announcing a dividend increase of 5.3% to $ 1.00 per action, marking its 33rd consecutive year of dividend growth. The new payment is scheduled for June 13 to registration shareholders on May 30. Income increased by 7.2% to $ 560.4 million, driven by an increase of 6.1% of net interest revenue, to $ 436.4 million. Loan balances extended 8.8% to $ 20.8 billion, while deposits grew 2.3% to $ 41.7 billion. Credit metrics remain solid, with net charges at $ 9.7 million and non -acrnical loans for $ 83.5 million. The bank also has robust capital relations, with a CET1 of 13.84% and level 1 to 14.30%, emphasizing the financial force. Strategically, Cullen/Frost continues to grow its imprint on Texas, which is now approaching its 200th Branca – since 130 2018 – solidifying its position as a leading regional player. With its fundamental foundations, constant dividend growth and continuous expansion, analysts are still bullies, with Bank of America recently increasing their price goal to $ 145, which was a continuous confidence in the long -term trajectory of CFR.

Cullen/Frost Bankers, Inc. (CFR) is not on our list 30 most popular actions between coverage funds. According to our database, 17 coverage backgrounds celebrated CFR at the end of the fourth quarter, which was 18 in the previous quarter. Although we recognize the risk and potential of the CFR as an investment, our conviction lies in the belief that some AI actions have a greater promise to obtain higher yields and do it in a shorter period. If you are looking for a stock of Ia more promising than CFR but which sells less than five times, see our report on the Ia stock cheap.

Read below: 8 best pit shares to buy now and 30 stocks of IA most important according to BlackRock.

Dissemination: None. This article was originally published in Insider Monkey.