Cullen/Frost Bankers, Inc. (NYSE:CFR) – Stock analysts at Jefferies Financial Group lowered their Q4 2018 earnings per share estimates for shares of Cullen/Frost Bankers in a research note issued to investors on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings of $1.72 per share for the quarter, down from their prior forecast of $1.74. Jefferies Financial Group also issued estimates for Cullen/Frost Bankers’ Q1 2019 earnings at $1.70 EPS, Q2 2019 earnings at $1.74 EPS, Q3 2019 earnings at $1.80 EPS, Q4 2019 earnings at $1.81 EPS, FY2019 earnings at $7.05 EPS and FY2020 earnings at $7.40 EPS.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, October 25th. The bank reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.06. Cullen/Frost Bankers had a net margin of 32.11% and a return on equity of 13.74%. The company had revenue of $353.34 million during the quarter, compared to the consensus estimate of $337.41 million. During the same period last year, the firm earned $1.41 earnings per share.

Several other equities research analysts also recently commented on the stock. Barclays reiterated a “hold” rating and set a $105.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday. Bank of America downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research note on Thursday. Zacks Investment Research downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $103.00 to $99.00 and set an “underweight” rating for the company in a research note on Tuesday, December 11th. Finally, SunTrust Banks lowered their price objective on shares of Cullen/Frost Bankers from $124.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $107.11.

NYSE:CFR opened at $93.68 on Thursday. Cullen/Frost Bankers has a 12 month low of $81.87 and a 12 month high of $121.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $6.06 billion, a PE ratio of 17.19, a P/E/G ratio of 1.39 and a beta of 1.32.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $2.68 annualized dividend and a dividend yield of 2.86%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 49.17%.

In related news, insider Bobby Berman sold 1,391 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $101.12, for a total transaction of $140,657.92. Following the completion of the transaction, the insider now owns 28,112 shares of the company’s stock, valued at $2,842,685.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cynthia Jane Comparin bought 1,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $93.38 per share, with a total value of $93,380.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $93,380. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 58,441 shares of company stock valued at $5,503,429. 4.64% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of Cullen/Frost Bankers by 5.7% during the second quarter. Bank of America Corp DE now owns 662,987 shares of the bank’s stock worth $71,762,000 after purchasing an additional 35,835 shares during the last quarter. Dorsey Wright & Associates purchased a new position in Cullen/Frost Bankers in the third quarter valued at $265,000. Jefferies Group LLC increased its holdings in Cullen/Frost Bankers by 129.8% in the third quarter. Jefferies Group LLC now owns 19,136 shares of the bank’s stock valued at $1,999,000 after buying an additional 10,808 shares in the last quarter. Millennium Management LLC purchased a new position in Cullen/Frost Bankers in the second quarter valued at $21,089,000. Finally, FDx Advisors Inc. increased its holdings in Cullen/Frost Bankers by 11.2% in the third quarter. FDx Advisors Inc. now owns 8,228 shares of the bank’s stock valued at $859,000 after buying an additional 830 shares in the last quarter. 78.50% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

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

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