Q3 EPS Forecast for Cullen/Frost Bankers Raised by Analyst

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Investment analysts at Zacks Research boosted their Q3 2024 earnings estimates for Cullen/Frost Bankers in a report issued on Monday, October 28th. Zacks Research analyst R. Department now expects that the bank will post earnings of $2.15 per share for the quarter, up from their previous forecast of $2.10. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.59 per share. Zacks Research also issued estimates for Cullen/Frost Bankers' Q4 2024 earnings at $1.95 EPS, Q1 2025 earnings at $1.94 EPS, Q3 2025 earnings at $2.11 EPS, Q2 2026 earnings at $2.18 EPS and Q3 2026 earnings at $2.18 EPS.

A number of other equities research analysts have also recently commented on CFR. Royal Bank of Canada raised their price target on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Truist Financial dropped their price target on Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. Stephens boosted their price objective on Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an "equal weight" rating in a report on Friday, July 26th. Citigroup reduced their price target on shares of Cullen/Frost Bankers from $107.00 to $104.00 and set a "sell" rating for the company in a research report on Monday, September 30th. Finally, DA Davidson upped their price objective on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers has an average rating of "Hold" and an average price target of $121.31.

Cullen/Frost Bankers Trading Up 2.1 %

Shares of CFR stock traded up $2.71 during mid-day trading on Wednesday, hitting $132.50. The company's stock had a trading volume of 91,426 shares, compared to its average volume of 443,803. Cullen/Frost Bankers has a 52 week low of $88.86 and a 52 week high of $133.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The company's fifty day simple moving average is $114.08 and its 200-day simple moving average is $108.43. The company has a market cap of $8.51 billion, a PE ratio of 15.34, a P/E/G ratio of 1.56 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Asset Dedication LLC boosted its position in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after purchasing an additional 105 shares during the period. Whittier Trust Co. grew its stake in Cullen/Frost Bankers by 90.7% in the 1st quarter. Whittier Trust Co. now owns 391 shares of the bank's stock valued at $44,000 after buying an additional 186 shares in the last quarter. Allworth Financial LP raised its holdings in Cullen/Frost Bankers by 116.6% during the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank's stock valued at $50,000 after acquiring an additional 239 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Cullen/Frost Bankers during the second quarter worth $54,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at $69,000. Institutional investors own 86.90% of the company's stock.

About Cullen/Frost Bankers

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.