What is Zacks Research’s Estimate for CFR FY2027 Earnings?

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities research analysts at Zacks Research lowered their FY2027 EPS estimates for Cullen/Frost Bankers in a report issued on Monday, June 2nd. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $9.49 per share for the year, down from their previous forecast of $9.60. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.85 per share.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.13. The business had revenue of $560.42 million during the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. During the same period in the previous year, the firm posted $2.15 earnings per share.

CFR has been the subject of several other reports. Barclays boosted their price target on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Jefferies Financial Group began coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They set an “underperform” rating and a $105.00 price objective for the company. Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price objective for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $131.93.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $126.72 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $8.15 billion, a PE ratio of 14.29, a P/E/G ratio of 6.46 and a beta of 0.67. The firm has a fifty day simple moving average of $120.22 and a two-hundred day simple moving average of $130.45. Cullen/Frost Bankers has a twelve month low of $94.09 and a twelve month high of $147.64.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.00 annualized dividend and a dividend yield of 3.16%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. Cullen/Frost Bankers’s payout ratio is currently 43.91%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the acquisition, the chief accounting officer now owns 5,545 shares in the company, valued at $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank’s stock worth $855,884,000 after purchasing an additional 66,243 shares during the period. Boston Trust Walden Corp grew its holdings in Cullen/Frost Bankers by 5.7% in the first quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank’s stock worth $139,282,000 after purchasing an additional 60,187 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cullen/Frost Bankers by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,057,294 shares of the bank’s stock worth $132,365,000 after purchasing an additional 30,709 shares during the period. Northern Trust Corp grew its holdings in Cullen/Frost Bankers by 8.0% in the first quarter. Northern Trust Corp now owns 1,051,168 shares of the bank’s stock worth $131,606,000 after purchasing an additional 77,592 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Cullen/Frost Bankers by 122,282.2% during the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank’s stock valued at $125,949,000 after buying an additional 1,005,160 shares during the last quarter. Hedge funds and other institutional investors own 86.90% 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.