Q1 2017 EPS Estimates for Cullen/Frost Bankers, Inc. (CFR) Boosted by Analyst

Q1 2017 EPS Estimates for Cullen/Frost Bankers, Inc. (CFR) Boosted by Analyst

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Investment analysts at SunTrust Banks upped their Q1 2017 earnings per share (EPS) estimates for Cullen/Frost Bankers in a report issued on Wednesday. SunTrust Banks analyst J. Demba now anticipates that the brokerage will earn $1.23 per share for the quarter, up from their prior forecast of $1.18. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Cullen/Frost Bankers’ Q2 2017 earnings at $1.23 EPS, Q3 2017 earnings at $1.28 EPS, FY2017 earnings at $5.05 EPS, Q1 2018 earnings at $1.32 EPS and Q2 2018 earnings at $1.34 EPS.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Wednesday, January 25th. The company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.06. The firm had revenue of $338.40 million for the quarter, compared to the consensus estimate of $305.52 million. Cullen/Frost Bankers had a net margin of 25.06% and a return on equity of 10.30%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share.

Several other equities analysts have also issued reports on CFR. RBC Capital Markets boosted their price target on shares of Cullen/Frost Bankers from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays PLC boosted their price target on shares of Cullen/Frost Bankers to $96.00 in a report on Thursday. Royal Bank Of Canada boosted their price target on shares of Cullen/Frost Bankers from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday. Maxim Group boosted their price target on shares of Cullen/Frost Bankers from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 19th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $72.00 price target on shares of Cullen/Frost Bankers in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $82.08.

Cullen/Frost Bankers (NYSE:CFR) traded down 2.14% during trading on Friday, reaching $91.95. 326,061 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $87.79 and a 200-day moving average price of $76.80. The firm has a market cap of $5.84 billion, a PE ratio of 19.56 and a beta of 1.20. Cullen/Frost Bankers has a 12 month low of $44.27 and a 12 month high of $94.32.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in shares of Cullen/Frost Bankers by 4,080.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,463 shares of the company’s stock worth $105,000 after buying an additional 1,428 shares during the period. NEXT Financial Group Inc bought a new position in shares of Cullen/Frost Bankers during the third quarter worth approximately $107,000. Mosaic Family Wealth LLC raised its position in shares of Cullen/Frost Bankers by 9.0% in the third quarter. Mosaic Family Wealth LLC now owns 1,594 shares of the company’s stock worth $115,000 after buying an additional 132 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Cullen/Frost Bankers by 0.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 1,712 shares of the company’s stock worth $123,000 after buying an additional 8 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Cullen/Frost Bankers by 18.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815 shares of the company’s stock worth $131,000 after buying an additional 279 shares during the period. Institutional investors own 83.25% of the company’s stock.

In other news, EVP William L. Perotti sold 13,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $85.79, for a total transaction of $1,115,270.00. Following the transaction, the executive vice president now directly owns 92,300 shares in the company, valued at approximately $7,918,417. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jerry Salinas sold 12,000 shares of the business’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $88.16, for a total transaction of $1,057,920.00. Following the transaction, the chief financial officer now owns 23,808 shares in the company, valued at $2,098,913.28. The disclosure for this sale can be found here. Insiders have sold a total of 636,923 shares of company stock worth $51,615,502 over the last 90 days. 8.03% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.30%. Cullen/Frost Bankers’s dividend payout ratio is presently 45.96%.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services.

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