Cullen/Frost Bankers, Inc. (NYSE:CFR) – Investment analysts at Truist Securiti dropped their FY2020 earnings estimates for Cullen/Frost Bankers in a research note issued to investors on Monday, September 14th. Truist Securiti analyst J. Demba now expects that the bank will post earnings of $2.69 per share for the year, down from their prior forecast of $2.82. Truist Securiti also issued estimates for Cullen/Frost Bankers’ Q4 2020 earnings at $1.06 EPS, Q1 2021 earnings at $1.28 EPS, Q2 2021 earnings at $1.27 EPS and FY2021 earnings at $5.24 EPS.
Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.70. The firm had revenue of $347.32 million for the quarter, compared to the consensus estimate of $357.31 million. Cullen/Frost Bankers had a net margin of 23.29% and a return on equity of 7.27%. During the same period in the previous year, the firm posted $1.72 earnings per share.
CFR stock opened at $68.30 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 2.42 and a beta of 1.55. Cullen/Frost Bankers has a 12 month low of $47.69 and a 12 month high of $99.42. The firm has a 50 day moving average of $71.59 and a two-hundred day moving average of $69.28.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aristotle Capital Management LLC raised its stake in Cullen/Frost Bankers by 3.9% during the 1st quarter. Aristotle Capital Management LLC now owns 3,960,249 shares of the bank’s stock valued at $220,942,000 after purchasing an additional 147,039 shares during the last quarter. FMR LLC raised its stake in Cullen/Frost Bankers by 0.3% during the 2nd quarter. FMR LLC now owns 2,697,919 shares of the bank’s stock valued at $201,561,000 after purchasing an additional 9,179 shares during the last quarter. King Luther Capital Management Corp raised its stake in Cullen/Frost Bankers by 8.1% during the 2nd quarter. King Luther Capital Management Corp now owns 2,380,053 shares of the bank’s stock valued at $177,814,000 after purchasing an additional 178,118 shares during the last quarter. Wellington Management Group LLP raised its stake in Cullen/Frost Bankers by 2.1% during the 1st quarter. Wellington Management Group LLP now owns 2,259,050 shares of the bank’s stock valued at $126,032,000 after purchasing an additional 46,759 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Cullen/Frost Bankers by 3.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,765,212 shares of the bank’s stock valued at $131,701,000 after purchasing an additional 57,876 shares during the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Friday, August 28th. Cullen/Frost Bankers’s dividend payout ratio is currently 41.52%.
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. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.
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