Cullen/Frost Bankers (CFR) to Release Earnings on Thursday

Cullen/Frost Bankers (NYSE:CFR) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $2.17 per share and revenue of $535.94 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. The business had revenue of $518.04 million during the quarter, compared to analysts’ expectations of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. Cullen/Frost Bankers’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 earnings per share. On average, analysts expect Cullen/Frost Bankers to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $140.26 on Wednesday. The stock has a market cap of $8.99 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The business has a fifty day simple moving average of $137.90 and a 200-day simple moving average of $124.33. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.71%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 47.15%.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the transaction, the executive vice president now directly owns 2,888 shares in the company, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,864 shares of company stock worth $2,977,033. Company insiders own 2.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Evercore ISI cut their price objective on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, October 2nd. Maxim Group increased their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stephens increased their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Compass Point increased their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus target price of $127.07.

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.