Equities Analysts Set Expectations for Cullen/Frost Bankers, Inc.’s Q1 2018 Earnings (CFR)
Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Cullen/Frost Bankers in a report released on Tuesday. Jefferies Group analyst C. Haire anticipates that the bank will post earnings per share of $1.30 for the quarter. Jefferies Group has a “Hold” rating and a $103.00 price target on the stock. Jefferies Group also issued estimates for Cullen/Frost Bankers’ Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.46 EPS and Q4 2018 earnings at $1.50 EPS.
Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The company had revenue of $295.87 million during the quarter, compared to the consensus estimate of $316.40 million. During the same period in the previous year, the firm earned $1.11 earnings per share.
Several other equities analysts have also weighed in on CFR. BidaskClub lowered shares of Cullen/Frost Bankers from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. lowered shares of Cullen/Frost Bankers to an “underperform” rating in a research report on Thursday, August 10th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $95.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, September 29th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $96.50 price objective on shares of Cullen/Frost Bankers in a research report on Friday, October 6th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.50.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Tuesday, August 29th. Cullen/Frost Bankers’s dividend payout ratio is 44.79%.
Several large investors have recently added to or reduced their stakes in CFR. UBS Asset Management Americas Inc. raised its position in shares of Cullen/Frost Bankers by 15.1% in the first quarter. UBS Asset Management Americas Inc. now owns 34,111 shares of the bank’s stock valued at $3,035,000 after purchasing an additional 4,463 shares during the period. Asset Management One Co. Ltd. bought a new position in shares of Cullen/Frost Bankers in the first quarter valued at approximately $869,000. OppenheimerFunds Inc. raised its position in shares of Cullen/Frost Bankers by 21.4% in the first quarter. OppenheimerFunds Inc. now owns 3,044 shares of the bank’s stock valued at $271,000 after purchasing an additional 536 shares during the period. Wellington Management Group LLP raised its position in shares of Cullen/Frost Bankers by 2.2% in the first quarter. Wellington Management Group LLP now owns 669,704 shares of the bank’s stock valued at $59,583,000 after purchasing an additional 14,281 shares during the period. Finally, Advantus Capital Management Inc raised its position in shares of Cullen/Frost Bankers by 4.3% in the first quarter. Advantus Capital Management Inc now owns 7,265 shares of the bank’s stock valued at $646,000 after purchasing an additional 301 shares during the period. 80.72% of the stock is currently owned by institutional investors.
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.
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.