Zacks Research Issues Positive Estimate for CFR Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Stock analysts at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for shares of Cullen/Frost Bankers in a note issued to investors on Monday, October 28th. Zacks Research analyst R. Department now forecasts that the bank will earn $2.15 per share for the quarter, up from their previous forecast of $2.10. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.59 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q4 2024 earnings at $1.95 EPS, Q1 2025 earnings at $1.94 EPS, Q3 2025 earnings at $2.11 EPS, Q2 2026 earnings at $2.18 EPS and Q3 2026 earnings at $2.18 EPS.

Several other equities analysts have also issued reports on CFR. Truist Financial decreased their target price on Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. DA Davidson increased their target price on Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Jefferies Financial Group decreased their target price on Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Evercore ISI decreased their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 2nd. Finally, Citigroup decreased their target price on Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating on the stock in a research note on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $121.31.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $130.62 on Wednesday. Cullen/Frost Bankers has a 52 week low of $88.86 and a 52 week high of $133.03. The business’s fifty day simple moving average is $114.52 and its 200-day simple moving average is $108.59. The firm has a market cap of $8.39 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CFR. Asset Dedication LLC increased its holdings in shares of Cullen/Frost Bankers by 63.3% in the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after acquiring an additional 105 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Cullen/Frost Bankers by 90.7% in the 1st quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock valued at $44,000 after acquiring an additional 186 shares during the last quarter. Allworth Financial LP grew its stake in Cullen/Frost Bankers by 116.6% during the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank’s stock worth $50,000 after buying an additional 239 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in Cullen/Frost Bankers during the 2nd quarter worth approximately $54,000. Finally, North Star Investment Management Corp. purchased a new position in Cullen/Frost Bankers during the 1st quarter worth approximately $69,000. 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.