Q2 EPS Forecast for Cullen/Frost Bankers Cut by Analyst

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Zacks Research reduced their Q2 2028 earnings per share estimates for Cullen/Frost Bankers in a research note issued on Friday, June 26th. Zacks Research analyst Team now expects that the bank will post earnings of $2.36 per share for the quarter, down from their prior forecast of $2.37. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.54 per share.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.28 million. During the same quarter in the prior year, the company earned $2.30 EPS.

Several other equities research analysts have also commented on CFR. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a report on Monday. Royal Bank Of Canada raised their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Citigroup lifted their price target on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective on the stock in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $150.73.

Cullen/Frost Bankers Stock Up 0.9%

NYSE:CFR opened at $155.90 on Thursday. The firm has a market capitalization of $9.79 billion, a P/E ratio of 15.18, a PEG ratio of 3.89 and a beta of 0.55. Cullen/Frost Bankers has a 1-year low of $119.00 and a 1-year high of $157.08. The company’s fifty day moving average price is $142.44 and its 200-day moving average price is $139.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $1.03 per share. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.12%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Cullen/Frost Bankers by 18.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock valued at $209,833,000 after buying an additional 236,808 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cullen/Frost Bankers by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock valued at $155,059,000 after purchasing an additional 10,246 shares in the last quarter. Bank of America Corp DE grew its position in shares of Cullen/Frost Bankers by 11.8% in the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares during the period. Northern Trust Corp grew its position in shares of Cullen/Frost Bankers by 2.3% in the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock valued at $122,437,000 after purchasing an additional 21,793 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Cullen/Frost Bankers by 6.2% during the first quarter. First Trust Advisors LP now owns 789,930 shares of the bank’s stock worth $108,284,000 after purchasing an additional 45,921 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.