Cullen/Frost Bankers, Inc. (NYSE:CFR) – Analysts at Jefferies Group reduced their Q3 2017 EPS estimates for shares of Cullen/Frost Bankers in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings of $1.34 per share for the quarter, down from their previous forecast of $1.36. Jefferies Group currently has a “Hold” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for Cullen/Frost Bankers’ Q4 2017 earnings at $1.32 EPS.

A number of other brokerages have also commented on CFR. Maxim Group reissued a “buy” rating and set a $105.00 price target on shares of Cullen/Frost Bankers in a report on Thursday, July 27th. Stephens set a $97.00 price target on Cullen/Frost Bankers and gave the company a “hold” rating in a report on Thursday, July 27th. BidaskClub raised Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Cullen/Frost Bankers in a report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $95.13.

ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/q3-2017-eps-estimates-for-cullenfrost-bankers-inc-cut-by-jefferies-group-cfr.html.

Cullen/Frost Bankers (CFR) opened at 96.75 on Wednesday. The stock’s 50 day moving average is $89.32 and its 200-day moving average is $91.36. The firm has a market capitalization of $6.21 billion, a PE ratio of 19.06 and a beta of 1.35. Cullen/Frost Bankers has a 1-year low of $69.86 and a 1-year high of $99.20.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $316.40 million. During the same period in the prior year, the company posted $1.11 EPS.

A number of large investors have recently added to or reduced their stakes in CFR. Parallax Volatility Advisers L.P. grew its holdings in Cullen/Frost Bankers by 124.1% during the second quarter. Parallax Volatility Advisers L.P. now owns 1,087 shares of the bank’s stock worth $102,000 after acquiring an additional 602 shares during the period. Invictus RG acquired a new position in Cullen/Frost Bankers during the first quarter worth about $109,000. Tower Research Capital LLC TRC acquired a new position in Cullen/Frost Bankers during the second quarter worth about $114,000. Westwood Holdings Group Inc. acquired a new position in Cullen/Frost Bankers during the second quarter worth about $131,000. Finally, Fiduciary Trust Co. acquired a new position in Cullen/Frost Bankers during the second quarter worth about $136,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is currently 44.79%.

About Cullen/Frost Bankers

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.

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

Receive News & Ratings for Cullen/Frost Bankers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.