Zacks Research Has Negative Outlook of CFR FY2027 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Equities research analysts at Zacks Research cut their FY2027 EPS estimates for shares of Cullen/Frost Bankers in a research report issued to clients and investors on Tuesday, March 25th. Zacks Research analyst R. Department now expects that the bank will post earnings of $10.02 per share for the year, down from their previous estimate of $10.11. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.85 per share.

A number of other analysts have also issued reports on the company. Compass Point raised their price target 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 restated a "sector perform" rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Morgan Stanley cut their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $132.77.

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Cullen/Frost Bankers Trading Up 0.4 %

Shares of Cullen/Frost Bankers stock traded up $0.45 during trading hours on Thursday, reaching $124.87. 78,255 shares of the company's stock were exchanged, compared to its average volume of 450,377. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. 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 52-week low of $94.09 and a 52-week high of $147.64. The company has a fifty day moving average of $134.41 and a 200-day moving average of $131.18.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CFR. Vanguard Group Inc. grew its holdings in shares of Cullen/Frost Bankers by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after acquiring an additional 66,243 shares during the last quarter. Geode Capital Management LLC increased its stake in Cullen/Frost Bankers by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank's stock worth $122,820,000 after purchasing an additional 66,223 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Cullen/Frost Bankers by 9.8% during the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank's stock worth $141,270,000 after buying an additional 94,252 shares during the period. Dimensional Fund Advisors LP lifted its stake in Cullen/Frost Bankers by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock valued at $137,823,000 after buying an additional 6,159 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock worth $130,703,000 after buying an additional 245,458 shares during the period. Institutional investors own 86.90% of the company's stock.

Insider Activity

In related news, insider Paul Bracher sold 11,500 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now directly owns 102,946 shares of the company's stock, valued at $14,355,819.70. This 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. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio is presently 42.84%.

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.