Research Analysts Offer Predictions for CFR FY2025 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Equities research analysts at DA Davidson dropped their FY2025 earnings estimates for Cullen/Frost Bankers in a report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $9.14 per share for the year, down from their previous estimate of $9.22. DA Davidson has a "Neutral" rating and a $143.00 price objective on the stock. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.85 per share.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%.

A number of other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Barclays started coverage on Cullen/Frost Bankers in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 price target for the company. Compass Point increased their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Evercore ISI raised their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and an average target price of $132.57.

Remove Ads

Cullen/Frost Bankers Stock Up 4.8 %

Shares of CFR traded up $5.09 during trading hours on Friday, reaching $110.89. The stock had a trading volume of 246,297 shares, compared to its average volume of 462,357. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 6.46 and a beta of 0.82. The firm has a 50-day simple moving average of $130.06 and a 200 day simple moving average of $131.17. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.89% of the company's stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at $29,000. UMB Bank n.a. increased its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after buying an additional 77 shares during the period. Blue Trust Inc. lifted its holdings in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after buying an additional 239 shares in the last quarter. Quarry LP lifted its holdings in shares of Cullen/Frost Bankers by 134.2% in the third quarter. Quarry LP now owns 541 shares of the bank's stock worth $61,000 after buying an additional 310 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Cullen/Frost Bankers by 35.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after acquiring an additional 120 shares during the period. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.