Cullen/Frost Bankers (CFR) Scheduled to Post Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR) is scheduled 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. Investors interested in participating in the company’s conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.17. The company had revenue of $523.66 million during the quarter, compared to analyst estimates 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

Shares of CFR stock opened at $107.29 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.34 and a beta of 1.03. Cullen/Frost Bankers has a 52 week low of $82.25 and a 52 week high of $120.31. The firm’s 50-day simple moving average is $108.31 and its two-hundred day simple moving average is $102.83.

Cullen/Frost Bankers Dividend Announcement

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

Insider Buying and Selling at Cullen/Frost Bankers

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

Hedge Funds Weigh In On Cullen/Frost Bankers

Several institutional investors have recently bought and sold shares of CFR. Macquarie Group Ltd. purchased a new position in Cullen/Frost Bankers in the first quarter worth $25,000. Lazard Asset Management LLC purchased a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at about $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $36,000. Coppell Advisory Solutions Corp. purchased a new stake in Cullen/Frost Bankers during the fourth quarter worth about $43,000. Finally, Covestor Ltd grew its position in Cullen/Frost Bankers by 80.7% during the first quarter. Covestor Ltd now owns 309 shares of the bank’s stock worth $43,000 after buying an additional 138 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFR has been the subject of a number of research reports. Compass Point lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. UBS Group lifted their price objective on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Evercore ISI lifted their price target on Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a research report on Thursday, March 28th. Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Three 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. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $117.92.

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.