Cullen/Frost Bankers Inc. (NYSE:CFR) – Stock analysts at Wedbush boosted their Q3 2016 EPS estimates for shares of Cullen/Frost Bankers in a report released on Wednesday. Wedbush analyst now anticipates that the firm will post earnings of $1.17 per share for the quarter, up from their previous estimate of $1.16. Wedbush currently has a “Neutral” rating and a $68.00 target price on the stock. Wedbush also issued estimates for Cullen/Frost Bankers’ FY2016 earnings at $4.55 EPS and FY2017 earnings at $4.72 EPS.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.06. Cullen/Frost Bankers had a net margin of 24.81% and a return on equity of 9.67%. During the same quarter last year, the business earned $1.11 EPS.

Earnings History and Estimates for Cullen/Frost Bankers (NYSE:CFR)

CFR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Monday, October 3rd. Deutsche Bank AG upped their target price on shares of Cullen/Frost Bankers from $66.00 to $77.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays PLC upped their target price on shares of Cullen/Frost Bankers from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Thursday, July 28th. Maxim Group upped their target price on shares of Cullen/Frost Bankers from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Cullen/Frost Bankers from $57.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $67.83.

Cullen/Frost Bankers (NYSE:CFR) traded down 3.22% during trading on Thursday, reaching $70.29. 125,490 shares of the company were exchanged. Cullen/Frost Bankers has a one year low of $42.41 and a one year high of $74.12. The firm’s 50 day moving average price is $71.30 and its 200-day moving average price is $65.58. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.61 and a beta of 1.11.

Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake in shares of Cullen/Frost Bankers by 247.8% in the second quarter. BNP Paribas Arbitrage SA now owns 27,304 shares of the company’s stock valued at $1,740,000 after buying an additional 19,454 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Cullen/Frost Bankers by 4.6% in the second quarter. Fisher Asset Management LLC now owns 252,202 shares of the company’s stock valued at $16,262,000 after buying an additional 11,192 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Cullen/Frost Bankers by 59.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,685 shares of the company’s stock valued at $362,000 after buying an additional 2,125 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cullen/Frost Bankers by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,437 shares of the company’s stock valued at $410,000 after buying an additional 964 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Cullen/Frost Bankers by 5.9% in the first quarter. BlackRock Group LTD now owns 62,048 shares of the company’s stock valued at $3,420,000 after buying an additional 3,462 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

In other news, insider Bobby Berman sold 9,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $70.15, for a total transaction of $631,350.00. Following the sale, the insider now directly owns 40,347 shares in the company, valued at $2,830,342.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jack A. Wood sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $73.14, for a total value of $146,280.00. The disclosure for this sale can be found here. Insiders own 8.03% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Monday, August 29th. Cullen/Frost Bankers’s dividend payout ratio is presently 50.82%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services.

5 Day Chart for NYSE:CFR

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