Cullen/Frost Bankers, Inc. (NYSE:CFR) – Research analysts at Jefferies Group decreased their FY2017 EPS estimates for Cullen/Frost Bankers in a research note issued on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $5.23 for the year, down from their previous estimate of $5.25. Jefferies Group currently has a “Hold” rating and a $103.00 price objective on the stock. Jefferies Group also issued estimates for Cullen/Frost Bankers’ FY2018 earnings at $5.60 EPS and FY2019 earnings at $6.05 EPS.
CFR has been the subject of a number of other research reports. Maxim Group restated a “buy” rating and set a $105.00 price objective on shares of Cullen/Frost Bankers in a report on Thursday, July 27th. Zacks Investment Research cut shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Raymond James Financial, Inc. cut shares of Cullen/Frost Bankers from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. ValuEngine upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $100.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $97.50.
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Shares of Cullen/Frost Bankers (CFR) traded down 0.09% during mid-day trading on Tuesday, reaching $96.00. 14,232 shares of the company were exchanged. The firm has a 50-day moving average price of $89.62 and a 200 day moving average price of $91.40. Cullen/Frost Bankers has a 12 month low of $69.86 and a 12 month high of $99.20. The stock has a market capitalization of $6.17 billion, a P/E ratio of 18.91 and a beta of 1.35.
Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.29. The firm had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $316.40 million. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. During the same period last year, the firm posted $1.11 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the company. Parallax Volatility Advisers L.P. raised its position in shares of Cullen/Frost Bankers by 124.1% in the second quarter. Parallax Volatility Advisers L.P. now owns 1,087 shares of the bank’s stock valued at $102,000 after purchasing an additional 602 shares during the period. Invictus RG bought a new position in shares of Cullen/Frost Bankers in the first quarter valued at about $109,000. Tower Research Capital LLC TRC bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at about $114,000. Westwood Holdings Group Inc. bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at about $131,000. Finally, Fiduciary Trust Co. bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at about $136,000. 80.72% of the stock is currently owned by institutional investors.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is presently 44.79%.
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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