Wall Street analysts expect Cullen/Frost Bankers, Inc. (NYSE:CFR) to report earnings per share (EPS) of $1.35 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cullen/Frost Bankers’ earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.39. Cullen/Frost Bankers posted earnings per share of $1.24 in the same quarter last year, which would indicate a positive year over year growth rate of 8.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Cullen/Frost Bankers will report full year earnings of $5.28 per share for the current year, with EPS estimates ranging from $5.25 to $5.32. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.67 per share, with EPS estimates ranging from $5.50 to $5.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Cullen/Frost Bankers.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, hitting analysts’ consensus estimates of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The firm had revenue of $295.87 million for the quarter, compared to analyst estimates of $316.40 million. During the same quarter in the previous year, the business posted $1.11 EPS.

Several equities research analysts have recently issued reports on the company. Maxim Group reissued a “buy” rating and issued a $105.00 price objective on shares of Cullen/Frost Bankers in a report on Thursday, July 27th. Zacks Investment Research lowered Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $100.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, July 28th. Stephens set a $97.00 price objective on Cullen/Frost Bankers and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Barclays PLC set a $97.00 price objective on Cullen/Frost Bankers and gave the stock a “hold” rating in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $95.33.

In related news, Director Graham M. Weston purchased 22,081 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were acquired at an average cost of $90.56 per share, with a total value of $1,999,655.36. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.15% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Invictus RG acquired a new position in Cullen/Frost Bankers during the first quarter worth approximately $109,000. Mosaic Family Wealth LLC boosted its position in Cullen/Frost Bankers by 2.8% in the first quarter. Mosaic Family Wealth LLC now owns 1,638 shares of the bank’s stock worth $146,000 after buying an additional 44 shares during the period. Americafirst Capital Management LLC purchased a new position in Cullen/Frost Bankers during the first quarter worth approximately $156,000. Public Employees Retirement Association of Colorado boosted its position in Cullen/Frost Bankers by 6.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,791 shares of the bank’s stock worth $168,000 after buying an additional 107 shares during the period. Finally, Denver Investment Advisors LLC purchased a new position in Cullen/Frost Bankers during the second quarter worth approximately $200,000. 80.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cullen/Frost Bankers (NYSE:CFR) traded down 0.37% during midday trading on Tuesday, hitting $91.42. 195,634 shares of the company were exchanged. The stock has a market cap of $5.87 billion, a PE ratio of 18.01 and a beta of 1.32. The stock’s 50-day moving average is $94.31 and its 200-day moving average is $91.93. Cullen/Frost Bankers has a one year low of $67.86 and a one year high of $99.20.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.49%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 44.79%.

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Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

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Earnings History and Estimates for Cullen/Frost Bankers (NYSE:CFR)

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