Zacks Research Has Negative Forecast for CFR Q1 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Investment analysts at Zacks Research lowered their Q1 2027 earnings per share estimates for shares of Cullen/Frost Bankers in a research report issued on Monday, June 2nd. Zacks Research analyst R. Department now expects that the bank will earn $2.37 per share for the quarter, down from their previous estimate of $2.40. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.85 per share.

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

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock traded down $0.19 on Thursday, hitting $126.34. The stock had a trading volume of 304,060 shares, compared to its average volume of 465,801. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 6.46 and a beta of 0.67. 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's 50 day moving average price is $120.24 and its 200 day moving average price is $130.37.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CFR. Alpine Bank Wealth Management bought a new position in shares of Cullen/Frost Bankers during the 1st quarter worth about $30,000. Blue Trust Inc. grew its position in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after buying an additional 239 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock valued at $46,000 after acquiring an additional 106 shares during the period. UMB Bank n.a. raised its holdings in Cullen/Frost Bankers by 59.6% in the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after acquiring an additional 146 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $57,000. 86.90% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the transaction, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at approximately $93,876.85. This represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid 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 dividend yield of 3.17%. 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 43.91%.

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.