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

Cullen/Frost Bankers (NYSE:CFR) will likely be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Cullen/Frost Bankers to post earnings of $2.15 per share and revenue of $534,600.97 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. The company had revenue of $518.04 million for the quarter, compared to analysts’ expectations of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. Cullen/Frost Bankers’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 earnings per share. On average, analysts expect Cullen/Frost Bankers to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Cullen/Frost Bankers Trading Down 1.6 %

Shares of NYSE CFR opened at $140.30 on Thursday. Cullen/Frost Bankers has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $137.78 and a two-hundred day simple moving average of $123.05. The firm has a market cap of $9.00 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, November 29th. Cullen/Frost Bankers’s payout ratio is 47.15%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Compass Point lifted their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley reduced their price target on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, September 30th. Stephens lifted their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Evercore ISI decreased their price target on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research report on Wednesday, October 2nd. Finally, Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $127.07.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the completion of the transaction, the chief executive officer now owns 94,423 shares in the company, valued at approximately $13,026,597.08. This trade represents a 13.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the sale, the executive vice president now owns 2,888 shares in the company, valued at $399,525.92. The trade was a 58.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,864 shares of company stock worth $2,977,033. 3.00% of the stock is currently owned by insiders.

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.