Cullen/Frost Bankers (NYSE:CFR) Releases Earnings Results, Beats Expectations By $0.09 EPS

Cullen/Frost Bankers (NYSE:CFR) announced its quarterly earnings data on Thursday. The bank reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09, FiscalAI reports. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. During the same period last year, the firm earned $2.36 EPS.

Cullen/Frost Bankers Price Performance

NYSE CFR traded up $2.73 during mid-day trading on Thursday, hitting $137.92. The stock had a trading volume of 220,689 shares, compared to its average volume of 519,337. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 2.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. Cullen/Frost Bankers has a twelve month low of $100.31 and a twelve month high of $146.44. The firm’s 50 day moving average is $130.59 and its 200 day moving average is $128.42.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at approximately $481,965. The trade was a 15.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several institutional investors have recently made changes to their positions in CFR. Advisory Services Network LLC acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth $28,000. Geneos Wealth Management Inc. boosted its holdings in Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after acquiring an additional 106 shares during the period. Danske Bank A S acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at about $63,000. EverSource Wealth Advisors LLC boosted its stake in Cullen/Frost Bankers by 82.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock valued at $151,000 after purchasing an additional 532 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Cullen/Frost Bankers by 204.8% in the 3rd quarter. Brooklyn Investment Group now owns 1,789 shares of the bank’s stock valued at $227,000 after buying an additional 1,202 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CFR. Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Keefe, Bruyette & Woods upgraded shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Monday, January 5th. Royal Bank Of Canada raised their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th. Barclays decreased their price target on shares of Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Finally, Citigroup raised their price objective on Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $135.73.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.