Cullen/Frost Bankers (CFR) Scheduled to Post Quarterly Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $2.12 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 25th. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The business had revenue of $523.66 million during the quarter, compared to the consensus estimate of $498.09 million. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. On average, analysts expect Cullen/Frost Bankers to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $114.44 on Wednesday. The company has a market capitalization of $7.35 billion, a PE ratio of 12.58, a P/E/G ratio of 1.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50-day simple moving average of $108.77 and a two-hundred day simple moving average of $103.40. Cullen/Frost Bankers has a one year low of $82.25 and a one year high of $120.31.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.68 annualized dividend and a dividend yield of 3.22%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.44%.

Insider Activity at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 9,820 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Paul Bracher sold 9,820 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bobby Berman sold 1,312 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the transaction, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CFR. Truist Financial upped their price objective on shares of Cullen/Frost Bankers from $114.00 to $121.00 and gave the company a “hold” rating in a report on Monday, April 1st. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 26th. JPMorgan Chase & Co. upped their target price on Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Jefferies Financial Group upped their target price on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.92.

About Cullen/Frost Bankers

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.