Cullen/Frost Bankers (CFR) Set to Announce Earnings on Thursday

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

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.17. The business had revenue of $523.66 million during the quarter, compared to the consensus estimate of $498.09 million. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. 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 Stock Performance

CFR stock opened at $113.32 on Tuesday. The company has a market capitalization of $7.28 billion, a P/E ratio of 12.45, a PEG ratio of 1.38 and a beta of 1.04. The company has a 50-day simple moving average of $108.77 and a 200 day simple moving average of $103.40. Cullen/Frost Bankers has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.25%. The ex-dividend date was Wednesday, February 28th. Cullen/Frost Bankers’s payout ratio is currently 40.44%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CFR shares. UBS Group upped their price objective on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $118.00 price target on shares of Cullen/Frost Bankers in a report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, DA Davidson reissued a “buy” rating and issued a $126.00 price target on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus target price of $117.92.

Insider Buying and Selling at Cullen/Frost Bankers

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

Cullen/Frost Bankers Company Profile

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.