Analysts expect that Cullen/Frost Bankers, Inc. (NYSE:CFR) will report earnings per share (EPS) of $1.58 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Cullen/Frost Bankers’ earnings, with estimates ranging from $1.44 to $1.72. Cullen/Frost Bankers reported earnings per share of $1.47 in the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 29th.
On average, analysts expect that Cullen/Frost Bankers will report full year earnings of $6.37 per share for the current financial year, with EPS estimates ranging from $5.83 to $6.90. For the next fiscal year, analysts anticipate that the business will report earnings of $5.47 per share, with EPS estimates ranging from $5.10 to $5.88. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Cullen/Frost Bankers.
Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Wednesday, April 28th. The bank reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.34. Cullen/Frost Bankers had a net margin of 29.12% and a return on equity of 9.59%. The company had revenue of $357.19 million for the quarter, compared to the consensus estimate of $358.50 million. During the same period in the prior year, the firm posted $0.75 EPS.
Shares of Cullen/Frost Bankers stock traded down $2.64 during trading hours on Thursday, hitting $116.05. The company had a trading volume of 7,849 shares, compared to its average volume of 402,285. The company’s 50-day moving average price is $117.86. Cullen/Frost Bankers has a twelve month low of $61.50 and a twelve month high of $125.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $7.37 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.99 and a beta of 1.48.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Friday, May 28th will be given a $0.72 dividend. The ex-dividend date is Thursday, May 27th. This represents a $2.88 annualized dividend and a dividend yield of 2.48%. Cullen/Frost Bankers’s dividend payout ratio is presently 77.21%.
In related news, EVP Jimmy Stead sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $122.80, for a total value of $368,400.00. Following the sale, the executive vice president now directly owns 4,045 shares of the company’s stock, valued at $496,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of CFR. Norges Bank purchased a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $46,857,000. Sprucegrove Investment Management Ltd. raised its stake in shares of Cullen/Frost Bankers by 77.6% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 943,207 shares of the bank’s stock valued at $82,276,000 after purchasing an additional 412,207 shares during the period. Aristotle Capital Management LLC raised its stake in shares of Cullen/Frost Bankers by 9.3% during the fourth quarter. Aristotle Capital Management LLC now owns 4,540,487 shares of the bank’s stock valued at $396,067,000 after purchasing an additional 387,700 shares during the period. Ceredex Value Advisors LLC purchased a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $8,714,000. Finally, M&T Bank Corp raised its stake in shares of Cullen/Frost Bankers by 301.7% during the first quarter. M&T Bank Corp now owns 103,433 shares of the bank’s stock valued at $11,251,000 after purchasing an additional 77,681 shares during the period. Institutional investors own 81.06% of the company’s stock.
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.
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