Zacks Research Has Negative Outlook of CFR FY2027 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities researchers at Zacks Research lowered their FY2027 earnings per share estimates for Cullen/Frost Bankers in a research report issued 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 previous forecast of $9.60. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.85 per share.

Other research analysts also recently issued reports about the company. Barclays boosted their target price 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. Stephens increased their target price on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Morgan Stanley reduced their price objective 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. Evercore ISI raised Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 target price for the company in a research note on Friday, May 2nd. Finally, Royal Bank of Canada cut their price target 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. 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 company. According to data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $131.93.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $128.06 on Wednesday. The firm has a market cap of $8.23 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. The company’s 50-day moving average price is $120.17 and its two-hundred day moving average price is $130.48. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping the consensus estimate 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 net margin of 20.44% and a return on equity of 15.95%. During the same quarter in the prior year, the firm earned $2.15 EPS.

Cullen/Frost Bankers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.12%. Cullen/Frost Bankers’s payout ratio is 43.91%.

Insider Activity 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 purchased at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the acquisition, the chief accounting officer now owns 5,545 shares in the company, valued at $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds have recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in shares of Cullen/Frost Bankers by 0.4% in 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 during the period. LaSalle St. Investment Advisors LLC grew its stake in Cullen/Frost Bankers by 4.0% in the first quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank’s stock valued at $271,000 after acquiring an additional 84 shares during the period. Quadrant Capital Group LLC grew its stake in Cullen/Frost Bankers by 4.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank’s stock valued at $280,000 after acquiring an additional 86 shares during the period. Strategic Financial Concepts LLC increased its holdings in shares of Cullen/Frost Bankers by 4.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after acquiring an additional 89 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Cullen/Frost Bankers by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the bank’s stock worth $2,390,000 after purchasing an additional 100 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.