Zacks Research Has Pessimistic Outlook of CFR Q1 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Stock analysts at Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for shares of Cullen/Frost Bankers in a research note issued on Monday, June 2nd. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $2.37 for the quarter, down from their prior forecast of $2.40. 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 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 for the quarter, compared to analysts' expectations of $540.57 million. During the same period last year, the business earned $2.15 EPS.

CFR has been the topic of several other reports. Morgan Stanley dropped their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Stephens raised their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price objective on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Evercore ISI upgraded 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. Finally, Barclays raised their price objective on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $131.93.

Cullen/Frost Bankers Stock Up 2.3%

Shares of CFR traded up $2.89 during trading hours on Thursday, reaching $129.26. The stock had a trading volume of 344,357 shares, compared to its average volume of 466,409. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $120.35 and a 200 day simple moving average of $130.19. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 6.46 and a beta of 0.68.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Friday, May 30th. Cullen/Frost Bankers's payout ratio is presently 43.91%.

Insider Transactions at Cullen/Frost Bankers

In other news, CAO Matthew Bradley Henson acquired 1,870 shares of the firm's stock in a transaction that occurred 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 acquisition, the chief accounting officer now owns 5,545 shares in the company, valued at $93,876.85. The trade was a 50.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.89% of the company's stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in Cullen/Frost Bankers by 0.4% during the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after buying an additional 74 shares in the last quarter. LaSalle St. Investment Advisors LLC grew its holdings in Cullen/Frost Bankers by 4.0% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank's stock valued at $271,000 after buying an additional 84 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Cullen/Frost Bankers by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock valued at $280,000 after buying an additional 86 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Cullen/Frost Bankers by 4.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after buying an additional 89 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Cullen/Frost Bankers by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the bank's stock valued at $2,390,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

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.