Cullen/Frost Bankers (CFR) Scheduled to Post Quarterly Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $2.17 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. The business had revenue of $528.81 million during the quarter, compared to analysts' expectations of $506.83 million. During the same quarter in the prior year, the firm earned $2.47 EPS. On average, analysts expect Cullen/Frost Bankers to post $9 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Cullen/Frost Bankers Price Performance

CFR traded up $2.07 on Thursday, reaching $127.49. The stock had a trading volume of 538,823 shares, compared to its average volume of 443,268. Cullen/Frost Bankers has a fifty-two week low of $82.25 and a fifty-two week high of $127.67. The firm has a 50-day moving average of $112.92 and a 200-day moving average of $108.07. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CFR shares. Jefferies Financial Group lowered their target price on Cullen/Frost Bankers from $117.00 to $108.00 and set a "hold" rating for the company in a report on Wednesday, July 3rd. Citigroup reduced their price target on Cullen/Frost Bankers from $107.00 to $104.00 and set a "sell" rating on the stock in a research report on Monday, September 30th. Morgan Stanley reduced their price target on Cullen/Frost Bankers from $121.00 to $117.00 and set an "underweight" rating on the stock in a research report on Monday, September 30th. Royal Bank of Canada upped their price target on Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a "sector perform" rating in a research report on Friday, July 26th. Finally, Evercore ISI reduced their price target on Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $121.31.

Insider Buying and Selling

In related news, EVP Howard L. Kasanoff sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total transaction of $357,600.00. Following the transaction, the executive vice president now directly owns 1,598 shares of the company's stock, valued at approximately $190,481.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Howard L. Kasanoff sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total transaction of $357,600.00. Following the transaction, the executive vice president now directly owns 1,598 shares of the company's stock, valued at approximately $190,481.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Candace K. Wolfshohl sold 5,000 shares of the company's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $119.65, for a total value of $598,250.00. Following the transaction, the executive vice president now directly owns 18,753 shares in the company, valued at approximately $2,243,796.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is owned by company insiders.

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.