Research Analysts Offer Predictions for CFR Q2 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Zacks Research lifted their Q2 2028 earnings per share (EPS) estimates for shares of Cullen/Frost Bankers in a report issued on Thursday, August 20th. Zacks Research analyst Team now expects that the bank will post earnings per share of $2.54 for the quarter, up from their previous estimate of $2.36. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.90 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ FY2028 earnings at $11.29 EPS.

A number of other equities research analysts have also recently commented on the stock. Cantor Fitzgerald raised their target price on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Barclays upped their target price on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. TD Cowen lifted their target price on Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $135.00 to $160.00 in a report on Monday, July 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $161.75.

Cullen/Frost Bankers Stock Down 0.6%

CFR stock opened at $163.43 on Monday. The business’s 50-day moving average price is $160.36 and its 200-day moving average price is $147.01. The stock has a market cap of $10.16 billion, a P/E ratio of 15.45, a PEG ratio of 2.52 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.15. The company had revenue of $576.01 million for the quarter, compared to analysts’ expectations of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter last year, the company posted $2.39 earnings per share.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s payout ratio is currently 38.94%.

Insider Buying and Selling

In related news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president directly owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.14% of the company’s stock.

Institutional Trading of Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter valued at $28,000. Covestor Ltd raised its stake in Cullen/Frost Bankers by 67.6% during the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Cullen/Frost Bankers during the second quarter valued at $37,000. Global Retirement Partners LLC bought a new position in Cullen/Frost Bankers during the second quarter valued at $38,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Cullen/Frost Bankers during the first quarter valued at $41,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.