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

Cullen/Frost Bankers (NYSE:CFR) is expected to release its earnings data 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. The business had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 Stock Performance

CFR stock opened at $141.28 on Tuesday. The company has a market capitalization of $9.06 billion, a P/E ratio of 17.53, a PEG ratio of 1.73 and a beta of 1.00. The company has a 50-day simple moving average of $137.85 and a 200 day simple moving average of $124.07. Cullen/Frost Bankers has a fifty-two week low of $94.09 and a fifty-two week 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.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, November 29th. Cullen/Frost Bankers’s payout ratio is currently 47.15%.

Insider Activity

In related news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 94,423 shares in the company, valued at approximately $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Bobby Berman sold 3,506 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the transaction, the executive vice president now owns 26,661 shares in the company, valued at $3,367,550.91. This represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,864 shares of company stock worth $2,977,033 in the last 90 days. Company insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada upped their price target on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Maxim Group upped their price target on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stephens upped their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Morgan Stanley cut 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. Finally, Compass Point upped their price target 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. Four equities research 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, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $127.07.

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.