Research Analysts Set Expectations for CFR FY2027 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Investment analysts at Zacks Research decreased their FY2027 earnings estimates for shares of Cullen/Frost Bankers in a research note issued to investors on Monday, June 2nd. Zacks Research analyst R. Department now anticipates that the bank will earn $9.49 per share for the year, down from their prior forecast of $9.60. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.85 per share.

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

CFR has been the subject of a number of other reports. Barclays increased their price objective on Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Stephens increased their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 target price for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $131.93.

Cullen/Frost Bankers Stock Down 0.2%

CFR stock traded down $0.19 during trading hours on Wednesday, reaching $126.34. 304,060 shares of the stock were exchanged, compared to its average volume of 465,499. The firm's 50-day moving average is $120.22 and its 200-day moving average is $130.45. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 6.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's payout ratio is currently 43.91%.

Insiders Place Their Bets

In related news, CAO Matthew Bradley Henson bought 1,870 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $16.93 per share, with a total value of $31,659.10. Following the transaction, the chief accounting officer now directly owns 5,545 shares in the company, valued at approximately $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.89% of the company's stock.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently made changes to their positions in CFR. HighTower Advisors LLC raised its holdings in Cullen/Frost Bankers by 8.3% during the 4th quarter. HighTower Advisors LLC now owns 13,083 shares of the bank's stock worth $1,756,000 after purchasing an additional 1,003 shares during the last quarter. Entropy Technologies LP acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at $389,000. Vanguard Group Inc. boosted its position in Cullen/Frost Bankers by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock valued at $855,884,000 after acquiring an additional 66,243 shares during the last quarter. US Bancorp DE grew its holdings in Cullen/Frost Bankers by 15.1% during the 4th quarter. US Bancorp DE now owns 4,339 shares of the bank's stock worth $583,000 after acquiring an additional 568 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Cullen/Frost Bankers by 42.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,090 shares of the bank's stock worth $549,000 after acquiring an additional 1,222 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.