Cullen/Frost Bankers (CFR) Scheduled to Post Quarterly Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR – Get Rating) will be posting its quarterly earnings results before the market opens on Thursday, January 26th. Analysts expect Cullen/Frost Bankers to post earnings of $2.75 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The bank reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.40. Cullen/Frost Bankers had a net margin of 30.07% and a return on equity of 14.18%. The company had revenue of $479.34 million during the quarter, compared to analyst estimates of $445.68 million. On average, analysts expect Cullen/Frost Bankers to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $136.35 on Wednesday. The firm has a market capitalization of $8.77 billion, a P/E ratio of 18.30, a PEG ratio of 1.29 and a beta of 1.11. The firm has a fifty day moving average of $136.21 and a 200-day moving average of $136.90. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.08. Cullen/Frost Bankers has a 52-week low of $112.67 and a 52-week high of $160.60.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $3.48 dividend on an annualized basis and a yield of 2.55%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 46.71%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CFR. Bank of America upgraded shares of Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, January 5th. Wolfe Research cut shares of Cullen/Frost Bankers from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, November 2nd. Raymond James raised their price objective on shares of Cullen/Frost Bankers from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. Truist Financial reduced their price objective on shares of Cullen/Frost Bankers from $160.00 to $148.00 in a research report on Friday, December 9th. Finally, Stephens raised their target price on shares of Cullen/Frost Bankers from $149.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $152.38.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,941 shares of the business’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $151.62, for a total transaction of $294,294.42. Following the completion of the sale, the executive vice president now directly owns 24,589 shares of the company’s stock, valued at approximately $3,728,184.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.76% of the stock is currently owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently modified their holdings of CFR. Covestor Ltd grew its position in shares of Cullen/Frost Bankers by 80.7% in the 1st quarter. Covestor Ltd now owns 309 shares of the bank’s stock valued at $43,000 after purchasing an additional 138 shares during the period. Atlas Capital Advisors LLC acquired a new position in Cullen/Frost Bankers during the 2nd quarter worth approximately $51,000. Worth Asset Management LLC acquired a new position in Cullen/Frost Bankers during the 1st quarter worth approximately $181,000. Canada Pension Plan Investment Board acquired a new position in Cullen/Frost Bankers during the 1st quarter worth approximately $211,000. Finally, Eudaimonia Partners LLC acquired a new position in Cullen/Frost Bankers during the 1st quarter worth approximately $244,000. 81.93% of the stock is owned by institutional investors.

Cullen/Frost Bankers Company Profile

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Cullen/Frost Bankers, Inc operates as a bank holding company of Frost Bank, which engages in the provision of commercial and consumer banking services. It operates through the following segments: Banking and Frost Wealth Advisors. The Banking operating segment includes both commercial and consumer banking services and Frost Insurance Agency.