Equities Analysts Offer Predictions for CFR FY2024 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Zacks Research decreased their FY2024 EPS estimates for Cullen/Frost Bankers in a report issued on Monday, October 28th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $8.46 for the year, down from their prior forecast of $8.56. 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' Q2 2025 earnings at $1.98 EPS, Q4 2025 earnings at $1.61 EPS, FY2025 earnings at $7.65 EPS, Q1 2026 earnings at $1.99 EPS and FY2026 earnings at $8.24 EPS.

A number of other equities analysts also recently weighed in on CFR. Truist Financial cut their price target on shares of 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. Morgan Stanley cut their price target on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an "underweight" rating on the stock in a research note on Monday, September 30th. Wedbush cut their price target on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Evercore ISI dropped their price objective on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating for the company in a research report on Wednesday, October 2nd. Finally, Stephens increased their price objective on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the stock an "equal weight" rating in a research report on Friday, July 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $121.31.

Cullen/Frost Bankers Trading Down 2.4 %

NYSE:CFR traded down $3.17 during trading hours on Thursday, reaching $127.30. 1,147,601 shares of the company were exchanged, compared to its average volume of 450,685. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers has a 52-week low of $88.86 and a 52-week high of $135.00. The stock has a 50 day simple moving average of $114.96 and a 200 day simple moving average of $108.74.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of large investors have recently added to or reduced their stakes in CFR. Asset Dedication LLC grew its holdings in Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Whittier Trust Co. grew its holdings in Cullen/Frost Bankers by 90.7% during the 1st quarter. Whittier Trust Co. now owns 391 shares of the bank's stock worth $44,000 after acquiring an additional 186 shares in the last quarter. Allworth Financial LP grew 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 worth $50,000 after acquiring an additional 239 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Cullen/Frost Bankers in the 2nd quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its position in shares of Cullen/Frost Bankers by 18.5% in the 3rd quarter. GAMMA Investing LLC now owns 678 shares of the bank's stock worth $76,000 after buying an additional 106 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.