DA Davidson Has Pessimistic Outlook of CFR FY2025 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – DA Davidson lowered their FY2025 earnings per share (EPS) estimates for Cullen/Frost Bankers in a research report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $9.14 for the year, down from their prior forecast of $9.22. DA Davidson currently has a “Neutral” rating and a $143.00 target price on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.85 per share.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%.

CFR has been the topic of a number of other reports. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Morgan Stanley cut their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Compass Point raised their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Barclays assumed coverage on shares of Cullen/Frost Bankers in a report on Tuesday. They set an “equal weight” rating and a $130.00 price target for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and an average price target of $132.57.

Cullen/Frost Bankers Trading Down 10.5 %

Shares of NYSE:CFR opened at $111.70 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $132.78 and a 200-day moving average of $131.23. Cullen/Frost Bankers has a 12-month low of $94.09 and a 12-month high of $147.64. The stock has a market cap of $7.18 billion, a PE ratio of 12.59, a P/E/G ratio of 6.46 and a beta of 0.82.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.95 per share. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.40%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Buying and Selling

In related news, insider Paul Bracher sold 11,500 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Cullen/Frost Bankers during the fourth quarter worth about $69,591,000. Madison Investment Advisors LLC bought a new position in Cullen/Frost Bankers in the 4th quarter worth approximately $46,223,000. Barclays PLC raised its holdings in Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after acquiring an additional 305,921 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of Cullen/Frost Bankers by 13,334.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock worth $37,840,000 after acquiring an additional 279,762 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank’s stock worth $130,703,000 after acquiring an additional 245,458 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Company Profile

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.