Zacks Research Issues Pessimistic Estimate for CFR Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Zacks Research cut their FY2024 earnings estimates for shares of Cullen/Frost Bankers in a research note issued on Monday, October 28th. Zacks Research analyst R. Department now expects that the bank will post earnings of $8.46 per share for the year, down from their previous forecast of $8.56. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.57 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q2 2025 earnings at $1.98 EPS, Q4 2025 earnings at $1.61 EPS, FY2025 earnings at $7.65 EPS, Q1 2026 earnings at $1.99 EPS and FY2026 earnings at $8.24 EPS.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. The company had revenue of $518.04 million for the quarter, compared to analysts’ expectations of $517.25 million. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. Cullen/Frost Bankers’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.38 EPS.

CFR has been the topic of a number of other research reports. DA Davidson boosted their target price on Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their target price on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research report on Friday. Evercore ISI cut their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley cut their target price on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a research report on Monday, September 30th. Finally, Wedbush cut their target price on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $123.31.

Cullen/Frost Bankers Trading Down 1.1 %

Shares of Cullen/Frost Bankers stock opened at $125.97 on Thursday. The stock has a market cap of $8.06 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.60 and a beta of 1.00. The stock’s 50 day simple moving average is $115.33 and its 200-day simple moving average is $108.87. Cullen/Frost Bankers has a 1-year low of $90.94 and a 1-year high of $135.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Asset Dedication LLC raised its holdings in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Whittier Trust Co. raised its holdings in Cullen/Frost Bankers by 90.7% during the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after purchasing an additional 186 shares in the last quarter. Allworth Financial LP raised its holdings in Cullen/Frost Bankers by 116.6% during the third quarter. Allworth Financial LP now owns 444 shares of the bank’s stock worth $50,000 after purchasing an additional 239 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Cullen/Frost Bankers during the third quarter worth about $52,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Cullen/Frost Bankers during the second quarter worth about $54,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.95 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 3.02%. Cullen/Frost Bankers’s dividend payout ratio is presently 46.34%.

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.