Cullen/Frost Bankers, Inc. (NYSE:CFR) – Stock analysts at Piper Jaffray Companies boosted their FY2018 EPS estimates for shares of Cullen/Frost Bankers in a research note issued on Thursday, October 25th. Piper Jaffray Companies analyst B. Rabatin now forecasts that the bank will post earnings per share of $6.88 for the year, up from their prior estimate of $6.73. Piper Jaffray Companies also issued estimates for Cullen/Frost Bankers’ Q4 2018 earnings at $1.81 EPS, Q1 2019 earnings at $1.79 EPS, Q1 2020 earnings at $1.81 EPS, Q2 2020 earnings at $1.82 EPS, Q3 2020 earnings at $1.86 EPS and FY2020 earnings at $7.40 EPS.
Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, October 25th. The bank reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.06. The firm had revenue of $353.34 million for the quarter, compared to analyst estimates of $337.41 million. Cullen/Frost Bankers had a return on equity of 13.74% and a net margin of 32.11%. During the same period in the previous year, the company posted $1.41 earnings per share.
Shares of CFR opened at $95.51 on Monday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.44 and a beta of 1.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.63 and a current ratio of 0.63. Cullen/Frost Bankers has a 1 year low of $90.02 and a 1 year high of $121.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.81%. Cullen/Frost Bankers’s payout ratio is 49.17%.
Several large investors have recently added to or reduced their stakes in CFR. First Trust Advisors LP raised its stake in shares of Cullen/Frost Bankers by 964.9% during the 3rd quarter. First Trust Advisors LP now owns 280,056 shares of the bank’s stock valued at $29,249,000 after purchasing an additional 253,758 shares during the period. Millennium Management LLC bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter valued at $21,089,000. Marshall Wace LLP bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter valued at $18,411,000. Natixis bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter valued at $10,847,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter valued at $839,000. Institutional investors own 78.97% of the company’s stock.
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. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.
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