Zacks Research Issues Positive Estimate for CFR Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities researchers at Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of Cullen/Frost Bankers in a research note issued on Monday, October 28th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $2.15 for the quarter, up from their previous forecast of $2.10. 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’ Q4 2024 earnings at $1.95 EPS, Q1 2025 earnings at $1.94 EPS, Q3 2025 earnings at $2.11 EPS, Q2 2026 earnings at $2.18 EPS and Q3 2026 earnings at $2.18 EPS.

CFR has been the subject of several other reports. Maxim Group lifted their price objective on Cullen/Frost Bankers from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Jefferies Financial Group dropped their price target on Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Evercore ISI dropped their price target on 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. DA Davidson raised their price target on Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Stephens raised their price target on Cullen/Frost Bankers from $116.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Four equities research 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. Based on data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and an average price target of $121.31.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $130.62 on Wednesday. The stock has a fifty day moving average price of $114.52 and a 200 day moving average price of $108.59. The stock has a market cap of $8.39 billion, a PE ratio of 15.52, a P/E/G ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers has a 1 year low of $88.86 and a 1 year high of $133.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64.

Institutional Trading of Cullen/Frost Bankers

Several large investors have recently bought and sold shares of CFR. Tidal Investments LLC grew its holdings in Cullen/Frost Bankers by 125.2% during the 1st quarter. Tidal Investments LLC now owns 11,888 shares of the bank’s stock valued at $1,338,000 after purchasing an additional 6,610 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in shares of Cullen/Frost Bankers during the first quarter worth about $2,972,000. Natixis acquired a new position in shares of Cullen/Frost Bankers in the first quarter worth about $957,000. Norden Group LLC purchased a new position in Cullen/Frost Bankers in the first quarter valued at about $1,062,000. Finally, American Century Companies Inc. grew its stake in Cullen/Frost Bankers by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 68,296 shares of the bank’s stock valued at $6,941,000 after purchasing an additional 7,236 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.