Cullen/Frost Bankers (CFR) to Release Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $2.12 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 25th. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $2.01 by $0.17. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. The business had revenue of $523.66 million for the quarter, compared to the consensus estimate of $498.09 million. On average, analysts expect Cullen/Frost Bankers to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Cullen/Frost Bankers Trading Down 0.3 %

NYSE CFR opened at $107.29 on Thursday. Cullen/Frost Bankers has a 12 month low of $82.25 and a 12 month high of $120.31. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $108.31 and its 200-day moving average price is $102.83. The stock has a market cap of $6.89 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.34 and a beta of 1.03.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 3.43%. The ex-dividend date was Wednesday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.44%.

Insider Activity at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the sale, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several institutional investors and hedge funds have recently bought and sold shares of CFR. American Century Companies Inc. grew its stake in shares of Cullen/Frost Bankers by 10.3% in the first quarter. American Century Companies Inc. now owns 5,345 shares of the bank’s stock valued at $740,000 after buying an additional 501 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Cullen/Frost Bankers in the first quarter worth approximately $1,736,000. BlackRock Inc. grew its holdings in Cullen/Frost Bankers by 0.8% during the 1st quarter. BlackRock Inc. now owns 5,032,068 shares of the bank’s stock worth $696,489,000 after acquiring an additional 39,554 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Cullen/Frost Bankers by 9.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,607 shares of the bank’s stock valued at $4,501,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Cullen/Frost Bankers in the 1st quarter valued at $211,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Compass Point downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Jefferies Financial Group increased their target price on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Truist Financial boosted their price target on Cullen/Frost Bankers from $114.00 to $121.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $118.00 price target on shares of Cullen/Frost Bankers in a report on Tuesday, April 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and a consensus target price of $117.92.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.