FY2028 Earnings Forecast for CFR Issued By Zacks Research

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities researchers at Zacks Research reduced their FY2028 EPS estimates for shares of Cullen/Frost Bankers in a research report issued on Friday, June 26th. Zacks Research analyst Team now anticipates that the bank will post earnings per share of $10.86 for the year, down from their prior forecast of $10.90. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.54 per share.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million for the quarter, compared to analysts’ expectations of $587.28 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period in the prior year, the company earned $2.30 EPS.

Several other equities research analysts have also recently weighed in on CFR. Morgan Stanley reduced their price objective on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Cantor Fitzgerald reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a report on Monday, June 1st. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Citigroup boosted their target price on Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a research report on Thursday, May 7th. Finally, DA Davidson increased their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus target price of $148.73.

Cullen/Frost Bankers Stock Down 0.1%

Shares of NYSE:CFR opened at $155.18 on Monday. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 3.91 and a beta of 0.55. Cullen/Frost Bankers has a 12 month low of $119.00 and a 12 month high of $155.41. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $141.73 and a 200 day moving average price of $138.47.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.03 dividend. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.12 annualized dividend and a yield of 2.7%. Cullen/Frost Bankers’s dividend payout ratio is currently 40.12%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president owned 12,712 shares in the company, valued at $1,885,062.48. This trade represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.14% of the stock is owned by company insiders.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors and hedge funds have recently made changes to their positions in the business. M&T Bank Corp grew its stake in Cullen/Frost Bankers by 13.5% in the 4th quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock worth $13,822,000 after acquiring an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Cullen/Frost Bankers by 863.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock worth $2,716,000 after acquiring an additional 19,221 shares during the period. ProShare Advisors LLC raised its stake in shares of Cullen/Frost Bankers by 3.7% during the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock valued at $33,961,000 after acquiring an additional 9,612 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Cullen/Frost Bankers by 915.0% during the third quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock valued at $5,456,000 after acquiring an additional 38,796 shares in the last quarter. Finally, Marshall Financial Group LLC purchased a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $1,142,000. 86.90% of the stock is currently owned by institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.