Wall Street brokerages predict that Cullen/Frost Bankers, Inc. (NYSE:CFR) will post $329.62 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Cullen/Frost Bankers’ earnings, with estimates ranging from $302.30 million to $348.00 million. Cullen/Frost Bankers reported sales of $276.62 million in the same quarter last year, which indicates a positive year over year growth rate of 19.2%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, October 26th.

On average, analysts expect that Cullen/Frost Bankers will report full-year sales of $329.62 million for the current year, with estimates ranging from $1.20 billion to $1.37 billion. For the next year, analysts anticipate that the firm will report sales of $1.38 billion per share, with estimates ranging from $1.26 billion to $1.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Cullen/Frost Bankers.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) 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 firm had revenue of $295.87 million for the quarter, compared to the consensus estimate of $316.40 million. During the same period in the prior year, the firm posted $1.11 earnings per share.

A number of research firms recently weighed in on CFR. Maxim Group reiterated a “buy” rating and issued a $105.00 price objective on shares of Cullen/Frost Bankers in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. Raymond James Financial, Inc. lowered shares of Cullen/Frost Bankers from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. ValuEngine upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $100.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $97.50.

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Several large investors have recently added to or reduced their stakes in CFR. Parallax Volatility Advisers L.P. raised its stake in shares of Cullen/Frost Bankers by 124.1% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,087 shares of the bank’s stock worth $102,000 after buying an additional 602 shares during the last quarter. Invictus RG acquired a new position in shares of Cullen/Frost Bankers during the 1st quarter worth $109,000. Tower Research Capital LLC TRC acquired a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth $114,000. Westwood Holdings Group Inc. acquired a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth $131,000. Finally, Fiduciary Trust Co. acquired a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth $136,000. 80.62% of the stock is owned by institutional investors and hedge funds.

Shares of Cullen/Frost Bankers (CFR) traded up 0.84% during mid-day trading on Tuesday, reaching $98.72. 152,634 shares of the company were exchanged. Cullen/Frost Bankers has a 12 month low of $72.96 and a 12 month high of $99.60. The stock has a market capitalization of $6.34 billion, a P/E ratio of 19.45 and a beta of 1.35. The stock has a 50 day moving average price of $92.45 and a 200-day moving average price of $91.97.

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.

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

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