DA Davidson Has Pessimistic Outlook of CFR FY2025 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Stock analysts at DA Davidson cut their FY2025 earnings estimates for Cullen/Frost Bankers in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $9.14 per share for the year, down from their prior forecast of $9.22. DA Davidson currently has a “Neutral” rating and a $143.00 target price on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.85 per share.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley dropped their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Evercore ISI upped their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Finally, Compass Point lifted their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average target price of $132.57.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $106.68 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50 day moving average price of $132.13 and a 200 day moving average price of $131.20. The stock has a market capitalization of $6.86 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers has a 52 week low of $94.09 and a 52 week high of $147.64.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.56%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after acquiring an additional 77 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Cullen/Frost Bankers in the third quarter worth $29,000. Blue Trust Inc. increased its position in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after purchasing an additional 239 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Cullen/Frost Bankers by 35.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock valued at $62,000 after purchasing an additional 120 shares in the last quarter. Finally, Quarry LP lifted its position in Cullen/Frost Bankers by 134.2% during the third quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after purchasing an additional 310 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.