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

Cullen/Frost Bankers (NYSE:CFR) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $2.12 per share 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 posted its earnings results on Thursday, January 25th. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. The company had revenue of $523.66 million for the quarter, compared to the consensus estimate of $498.09 million. On average, analysts expect Cullen/Frost Bankers to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Cullen/Frost Bankers Trading Up 1.0 %

Shares of NYSE CFR opened at $114.44 on Wednesday. Cullen/Frost Bankers has a twelve month low of $82.25 and a twelve month high of $120.31. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $108.77 and a 200-day simple moving average of $103.40. The stock has a market capitalization of $7.35 billion, a PE ratio of 12.58, a PEG ratio of 1.38 and a beta of 1.04.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.22%. Cullen/Frost Bankers’s payout ratio is presently 40.44%.

Analysts Set New Price Targets

Several research analysts recently commented on CFR shares. Truist Financial boosted their target price on Cullen/Frost Bankers from $114.00 to $121.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Evercore ISI boosted their target price on Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a research note on Thursday, March 28th. UBS Group boosted their target price on Cullen/Frost Bankers from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Compass Point cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Jefferies Financial Group upped their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.92.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 9,820 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The disclosure for this sale can be found here. 3.00% of the stock is owned by company 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.