Zacks Research Has Pessimistic Outlook of CFR Q2 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Stock analysts at Zacks Research lowered their Q2 2026 earnings per share estimates for shares of Cullen/Frost Bankers in a report released on Monday, June 9th. Zacks Research analyst R. Department now anticipates that the bank will earn $2.48 per share for the quarter, down from their previous forecast of $2.54. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.85 per share.

A number of other research analysts have also commented on the company. Stephens increased their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Barclays raised their target price on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price on the stock in a report on Friday, May 2nd. Finally, Royal Bank of Canada lowered their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has an average rating of "Hold" and an average target price of $131.93.

Cullen/Frost Bankers Stock Down 2.2%

Shares of NYSE CFR traded down $2.78 during mid-day trading on Thursday, reaching $123.79. 283,387 shares of the company traded hands, compared to its average volume of 462,895. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $7.96 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 6.46 and a beta of 0.68. The company's fifty day moving average is $121.98 and its two-hundred day moving average is $129.65. Cullen/Frost Bankers has a fifty-two week low of $94.55 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. The business had revenue of $560.42 million for the quarter, compared to analyst estimates of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. During the same quarter in the prior year, the firm posted $2.15 EPS.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 43.91%.

Insider Buying and Selling

In related news, CAO Matthew Bradley Henson bought 1,870 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the transaction, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at $93,876.85. This represents a 50.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Cullen/Frost Bankers by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock valued at $855,884,000 after purchasing an additional 66,243 shares during the last quarter. Boston Trust Walden Corp raised its position in Cullen/Frost Bankers by 5.7% in the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock valued at $139,282,000 after purchasing an additional 60,187 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Cullen/Frost Bankers by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,057,294 shares of the bank's stock valued at $132,365,000 after purchasing an additional 30,709 shares during the last quarter. Northern Trust Corp raised its position in Cullen/Frost Bankers by 8.0% in the 1st quarter. Northern Trust Corp now owns 1,051,168 shares of the bank's stock valued at $131,606,000 after purchasing an additional 77,592 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Cullen/Frost Bankers by 122,282.2% in the 1st quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after purchasing an additional 1,005,160 shares during the last quarter. 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.