Cullen/Frost Bankers (CFR) to Release Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR) is expected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $2.17 per share and revenue of $535.94 million for the quarter. Investors that wish to listen to the company’s 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, beating the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The firm had revenue of $518.04 million for the quarter, compared to analysts’ expectations of $517.25 million. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Cullen/Frost Bankers’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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 0.6 %

Shares of NYSE CFR opened at $140.26 on Wednesday. The stock’s 50 day moving average price is $137.90 and its two-hundred day moving average price is $124.33. Cullen/Frost Bankers has a 52-week low of $94.09 and a 52-week high of $147.64. The stock has a market capitalization of $8.99 billion, a P/E ratio of 17.40, a PEG ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid 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 currently 47.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CFR shares. Compass Point upped their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Citigroup increased their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Stephens increased their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Evercore ISI dropped their price target on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Maxim Group increased their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $127.07.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the transaction, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at approximately $3,367,550.91. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,864 shares of company stock valued at $2,977,033. 2.89% of the stock is owned by corporate insiders.

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.