Cullen/Frost Bankers, Inc. (NYSE:CFR) – Investment analysts at Jefferies Financial Group cut their Q4 2021 earnings estimates for shares of Cullen/Frost Bankers in a report issued on Sunday, October 10th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings per share of $1.44 for the quarter, down from their prior forecast of $1.50. Jefferies Financial Group also issued estimates for Cullen/Frost Bankers’ Q1 2023 earnings at $1.33 EPS, Q2 2023 earnings at $1.43 EPS and FY2023 earnings at $5.80 EPS.
Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Wednesday, July 28th. The bank reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.24. The firm had revenue of $371.24 million during the quarter, compared to analysts’ expectations of $357.97 million. Cullen/Frost Bankers had a return on equity of 10.07% and a net margin of 30.49%.
Shares of CFR stock opened at $121.23 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $7.70 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.80 and a beta of 1.47. The stock has a 50-day moving average of $115.74 and a 200-day moving average of $114.55. Cullen/Frost Bankers has a one year low of $64.62 and a one year high of $125.00.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were issued a $0.75 dividend. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.72. This represents a $3.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Monday, August 30th. Cullen/Frost Bankers’s payout ratio is presently 80.43%.
A number of hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd grew its holdings in Cullen/Frost Bankers by 39.0% during the second quarter. WINTON GROUP Ltd now owns 13,868 shares of the bank’s stock worth $1,553,000 after buying an additional 3,890 shares in the last quarter. UBS Group AG increased its stake in Cullen/Frost Bankers by 9.5% in the 1st quarter. UBS Group AG now owns 66,651 shares of the bank’s stock worth $7,249,000 after acquiring an additional 5,760 shares during the last quarter. Sargent Bickham Lagudis LLC bought a new position in Cullen/Frost Bankers in the 2nd quarter worth about $67,000. Advisor Group Holdings Inc. increased its stake in Cullen/Frost Bankers by 0.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 26,908 shares of the bank’s stock worth $3,014,000 after acquiring an additional 212 shares during the last quarter. Finally, JustInvest LLC bought a new position in shares of Cullen/Frost Bankers during the 2nd quarter valued at about $426,000. Institutional investors and hedge funds own 81.30% of the company’s stock.
About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc operates as a bank holding company of Frost Bank, which engages in the provision of commercial and consumer banking services, as well as trust and investment management, mutual funds, investment banking, insurance, brokerage, leasing, asset-based lending, treasury management and item processing services.
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