Zacks Research Has Negative Forecast for CFR FY2024 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Investment analysts at Zacks Research lowered their FY2024 EPS estimates for Cullen/Frost Bankers in a research note issued on Monday, October 28th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $8.46 for the year, down from their prior forecast of $8.56. 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’ Q2 2025 earnings at $1.98 EPS, Q4 2025 earnings at $1.61 EPS, FY2025 earnings at $7.65 EPS, Q1 2026 earnings at $1.99 EPS and FY2026 earnings at $8.24 EPS.

A number of other equities analysts also recently weighed in on CFR. Evercore ISI lowered their target price on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, October 2nd. Morgan Stanley reduced their price target on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a report on Monday, September 30th. Truist Financial reduced their price target on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a report on Friday, September 20th. DA Davidson raised their price target on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Citigroup reduced their price target on shares of Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a report on Monday, September 30th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.31.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $127.30 on Thursday. Cullen/Frost Bankers has a twelve month low of $88.86 and a twelve month high of $135.00. The firm has a fifty day simple moving average of $114.96 and a 200 day simple moving average of $108.74. The company has a market capitalization of $8.18 billion, a PE ratio of 14.84, a P/E/G 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 Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently added to or reduced their stakes in the company. Champlain Investment Partners LLC grew its position in Cullen/Frost Bankers by 18.4% in the 1st quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock worth $359,378,000 after purchasing an additional 495,215 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Cullen/Frost Bankers by 18.8% in the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock valued at $114,994,000 after acquiring an additional 161,580 shares during the last quarter. Boston Trust Walden Corp purchased a new position in Cullen/Frost Bankers in the third quarter valued at about $107,166,000. Dimensional Fund Advisors LP boosted its stake in Cullen/Frost Bankers by 14.4% in the second quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank’s stock valued at $96,856,000 after acquiring an additional 120,333 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Cullen/Frost Bankers by 3.3% in the third quarter. Principal Financial Group Inc. now owns 806,209 shares of the bank’s stock valued at $90,185,000 after acquiring an additional 25,909 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

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.