Carmike Cinemas, Inc. (NASDAQ: CKEC), SXC Health Solutions (NASDAQ: SXCI), Cullen/Frost Bankers, Inc. (NYSE: CFR), SuccessFactors, Inc. (NASDAQ: SFSF), Merck & Co Inc (NYSE: MRK) and Con-way Inc. (NYSE: CNW) upgraded by analysts.
SXC Health Solutions (SXCI) was upgraded by Dougherty & Co. from a “Neutral” rating to a “Buy” rating. They have a price target of $65.00 on the company.
Carmike Cinemas, Inc. (CKEC) was upgraded by Barrington Research from a “Market Perform” rating to an “Outperform” rating.
Cullen/Frost Bankers, Inc. (CFR) was upgraded by Wunderlich from a “Hold” rating to a “Buy” rating. They have a price target of $60.00 on the company.
SuccessFactors, Inc. (SFSF) was upgraded by Gleacher & Co. to a “Buy” rating.
Merck & Co Inc. (MRK) was upgraded by Jefferies (NYSE:JEF) from a “Hold” rating to a “Buy” rating. They have a price target of $37.00 on the company.
Con-way Inc. (CNW) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating. They have a price target of $30.00 on the company.
Showing posts with label Cullen Frost Bankers. Show all posts
Showing posts with label Cullen Frost Bankers. Show all posts
Wednesday, August 10, 2011
Tuesday, May 3, 2011
Dividends of (UGI) (PH) (CFR) (JNJ) (COH) Boosted
UGI Corporation (UGI), Parker Hannifin Corporation (PH), Cullen/Frost Bankers Inc. (CFR), Johnson & Johnson (JNJ) and Coach, Inc. (COH) all have boosted their dividends lately.
UGI Corporation (UGI) raised its quarterly dividend on April 28 to 4 percentto $0.26 a share. The dividend is payable July 1, 2011, to shareholders of record as of June 15, 2011. The new payout has a yield of 3.1 percent.
Parker Hannifin Corporation (PH) raised its quarterly dividend on April 27 to 16 percent to $0.37 a share. The dividend is payable June 3, 2011, to shareholders of record as of May 10, 2011. The new payout has a yield of 1.1 percent.
Cullen/Frost Bankers Inc. (CFR) raised its dividend on April 26 to 16 percent to 2.2 percent, or $.46 a share. The quarterly dividend is payable June 15, 2011, to shareholders of record on June 1 of 2011. The new payout has a yield of 3.1 percent.
Johnson & Johnson (JNJ) raised its dividend on April 28 to 16 percent to 5.6 percent, or $0.57 a share. The quarterly dividend is payable on June 14, 2011, to shareholders of record as of May 31, 2011. The new payout has a yield of 3.5 percent.
Coach, Inc. (COH) raised its dividend on April 26 to 16 percent to 50 percent, or $0.225 a share. The quarterly dividend is payable starting in July 2011. The new payout has a yield of 1.5 percent.
UGI Corporation (UGI) raised its quarterly dividend on April 28 to 4 percentto $0.26 a share. The dividend is payable July 1, 2011, to shareholders of record as of June 15, 2011. The new payout has a yield of 3.1 percent.
Parker Hannifin Corporation (PH) raised its quarterly dividend on April 27 to 16 percent to $0.37 a share. The dividend is payable June 3, 2011, to shareholders of record as of May 10, 2011. The new payout has a yield of 1.1 percent.
Cullen/Frost Bankers Inc. (CFR) raised its dividend on April 26 to 16 percent to 2.2 percent, or $.46 a share. The quarterly dividend is payable June 15, 2011, to shareholders of record on June 1 of 2011. The new payout has a yield of 3.1 percent.
Johnson & Johnson (JNJ) raised its dividend on April 28 to 16 percent to 5.6 percent, or $0.57 a share. The quarterly dividend is payable on June 14, 2011, to shareholders of record as of May 31, 2011. The new payout has a yield of 3.5 percent.
Coach, Inc. (COH) raised its dividend on April 26 to 16 percent to 50 percent, or $0.225 a share. The quarterly dividend is payable starting in July 2011. The new payout has a yield of 1.5 percent.
Thursday, April 28, 2011
Price Targets on (BIDU) (ARW) (CBT) (CEVA) (CFR) Raised
Price Targets Baidu.com, Inc. (NASDAQ: BIDU), Arrow Electronics, Inc. (NYSE: ARW), Cabot Co. (NYSE: CBT), Ceva Inc (NASDAQ: CEVA) and Cullen/Frost Bankers, Inc. (NYSE: CFR) raised by analysts.
Miller Tabak raised their price target on Arrow Electronics, Inc. (ARW) from $50.00 to $54.00.
Stifel Nicolaus raised their price target on Baidu.com, Inc. (BIDU) from $144.00 to $172.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Cabot Co. (CBT) from $44.00 to $50.00. They have a “neutral” rating on the company.
RBC Capital raised their price target on Ceva Inc (CEVA) from $24.00 to $28.00. They have a “sector perform” rating on the company.
JPMorgan Chase & Co. raised their price target on Cullen/Frost Bankers, Inc. (CFR) from $63.00 to $64.00.
Miller Tabak raised their price target on Arrow Electronics, Inc. (ARW) from $50.00 to $54.00.
Stifel Nicolaus raised their price target on Baidu.com, Inc. (BIDU) from $144.00 to $172.00. They have a “buy” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) raised their price target on Cabot Co. (CBT) from $44.00 to $50.00. They have a “neutral” rating on the company.
RBC Capital raised their price target on Ceva Inc (CEVA) from $24.00 to $28.00. They have a “sector perform” rating on the company.
JPMorgan Chase & Co. raised their price target on Cullen/Frost Bankers, Inc. (CFR) from $63.00 to $64.00.
Friday, January 28, 2011
Cullen/Frost Bankers (NYSE:CFR) Guides Lower on Dubin, NIM
Saying Cullen/Frost Bankers (NYSE:CFR) faces pressures many regional banks are facing, FBR also noted the lower guidance from the company on NIM and Dubin.
FBR says, "We reduce our FY11 EPS estimate to $3.55, from $3.70, and FY12's EPS estimate to $4.15, from $4.40. Quarterly results reflected challenges faced by most regional banks. While management is cautiously optimistic regarding loan growth prospects and the relative strength of both its franchise and the Texas economy, fee income headwinds (i.e., Reg. E, Dubin Interchange) and NIM pressures caused management to guide FY11 consensus estimates lower. With several Texas banks having reported earnings, the common theme we find is varying degrees of cautious optimism, with which we are inclined to agree. However, we note that CFR's valuation leaves the shares fairly valued."
FBR Capital maintains a "Market Perform" on Cullen/Frost Bankers (CFR), which closed Thursday at $58.58, down $0.34, or 0.58 percent. FBR has a price target of $59 on Cullen/Frost.
FBR says, "We reduce our FY11 EPS estimate to $3.55, from $3.70, and FY12's EPS estimate to $4.15, from $4.40. Quarterly results reflected challenges faced by most regional banks. While management is cautiously optimistic regarding loan growth prospects and the relative strength of both its franchise and the Texas economy, fee income headwinds (i.e., Reg. E, Dubin Interchange) and NIM pressures caused management to guide FY11 consensus estimates lower. With several Texas banks having reported earnings, the common theme we find is varying degrees of cautious optimism, with which we are inclined to agree. However, we note that CFR's valuation leaves the shares fairly valued."
FBR Capital maintains a "Market Perform" on Cullen/Frost Bankers (CFR), which closed Thursday at $58.58, down $0.34, or 0.58 percent. FBR has a price target of $59 on Cullen/Frost.
Wednesday, November 24, 2010
Sterling (Nasdaq:SBIB), Texas Capital (Nasdaq:TCBI), Cullen/Frost Bankers (NYSE:CFR), Prosperity (Nasdaq:PRSP): FBR Takeaways
Sterling Bancshares (Nasdaq:SBIB), Texas Capital Bancshares (Nasdaq:TCBI), Cullen/Frost Bankers (NYSE:CFR) and Prosperity Bancshares (Nasdaq:PRSP), all financial institutions based in Texas, were visited by FBR Capital, and they give their takeaway on the group.
FBR said, "In summary, the Texas bank management teams we visited had a generally positive outlook for the Texas economy and growth opportunities, positioning themselves to take advantage when loan demand returns. Compared to most regional and community banks that face both high credit costs and NIM pressure, the Texas banks we met with, for the most part, were primarily concerned with NIM pressure. We continue to believe the Texas-based banks face a better macro environment than most other banks in our coverage universe, given the stronger underlying Texas economy—faster job growth and more stable CRE prices. Most managers felt loan demand had bottomed and was slowly improving, and across the board, the banks have hired additional loan officers in preparation for increased lending activity. All management teams noted increased competition versus six months ago, but agreed it was on rate, not structure, and only for the highest-quality borrowers; the large, out-of-state banks continue to serve as meaningful sources of customers. Management teams noted good investor demand for distressed assets and prices that were generally improving. Most managers expect M&A to resume in 2H11; however, consensus was that price expectations of small banks remain too high in light of the looming challenges—reduced NSF and interchange income, increased regulation, and higher capital levels will all conspire to reduce long-term profitability, therefore historical M&A multiples are no longer justifiable.
"We continue to believe Sterling Bancshares (Outperform) has the most upside given its valuation; however, Texas Capital Bancshares (Market Perform) possesses a differentiated business model, and at a more attractive share price, we would revisit our rating. Cullen/Frost Bankers (Market Perform) and Prosperity Bancshares' (Market Perform) valuations, along with NIM pressure, keep us on the sidelines, but we believe are the most likely to be involved in M&A as acquirers."
Sterling Bancshares closed at $6.01 Tuesday, remaining level from the prior trading session. Texas Capital Bancshares closed at $18.76, losing $0.05, or 0.27 percent. Cullen/Frost Bankers was down to $54.20, dropping by $0.28, or 0.51 percent. Prosperity Bancshares (Nasdaq:PRSP) ended the day at $32.60, losing $0.10, or 0.31 percent.
FBR said, "In summary, the Texas bank management teams we visited had a generally positive outlook for the Texas economy and growth opportunities, positioning themselves to take advantage when loan demand returns. Compared to most regional and community banks that face both high credit costs and NIM pressure, the Texas banks we met with, for the most part, were primarily concerned with NIM pressure. We continue to believe the Texas-based banks face a better macro environment than most other banks in our coverage universe, given the stronger underlying Texas economy—faster job growth and more stable CRE prices. Most managers felt loan demand had bottomed and was slowly improving, and across the board, the banks have hired additional loan officers in preparation for increased lending activity. All management teams noted increased competition versus six months ago, but agreed it was on rate, not structure, and only for the highest-quality borrowers; the large, out-of-state banks continue to serve as meaningful sources of customers. Management teams noted good investor demand for distressed assets and prices that were generally improving. Most managers expect M&A to resume in 2H11; however, consensus was that price expectations of small banks remain too high in light of the looming challenges—reduced NSF and interchange income, increased regulation, and higher capital levels will all conspire to reduce long-term profitability, therefore historical M&A multiples are no longer justifiable.
"We continue to believe Sterling Bancshares (Outperform) has the most upside given its valuation; however, Texas Capital Bancshares (Market Perform) possesses a differentiated business model, and at a more attractive share price, we would revisit our rating. Cullen/Frost Bankers (Market Perform) and Prosperity Bancshares' (Market Perform) valuations, along with NIM pressure, keep us on the sidelines, but we believe are the most likely to be involved in M&A as acquirers."
Sterling Bancshares closed at $6.01 Tuesday, remaining level from the prior trading session. Texas Capital Bancshares closed at $18.76, losing $0.05, or 0.27 percent. Cullen/Frost Bankers was down to $54.20, dropping by $0.28, or 0.51 percent. Prosperity Bancshares (Nasdaq:PRSP) ended the day at $32.60, losing $0.10, or 0.31 percent.
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