Q1 2019 EPS Estimates for Cullen/Frost Bankers, Inc. (CFR) Lowered by Analyst

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities research analysts at Wedbush reduced their Q1 2019 earnings estimates for Cullen/Frost Bankers in a research note issued on Wednesday, March 27th, according to Zacks Investment Research. Wedbush analyst P. Winter now expects that the bank will earn $1.74 per share for the quarter, down from their previous estimate of $1.75. Wedbush also issued estimates for Cullen/Frost Bankers’ FY2019 earnings at $7.14 EPS and FY2020 earnings at $7.35 EPS.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 31st. The bank reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.07. The business had revenue of $360.93 million during the quarter, compared to the consensus estimate of $344.18 million. Cullen/Frost Bankers had a net margin of 32.44% and a return on equity of 14.38%.

Several other research firms also recently weighed in on CFR. Zacks Investment Research downgraded shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Stephens set a $104.00 target price on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a report on Friday, February 8th. Bank of America downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a report on Thursday, January 10th. Finally, Barclays reiterated a “hold” rating and issued a $105.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $107.44.

Cullen/Frost Bankers stock traded down $0.90 during trading on Monday, hitting $102.70. The company had a trading volume of 275,137 shares, compared to its average volume of 297,910. Cullen/Frost Bankers has a 1-year low of $81.87 and a 1-year high of $121.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $6.46 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $100.62, for a total value of $377,325.00. Following the completion of the transaction, the executive vice president now owns 1,250 shares of the company’s stock, valued at approximately $125,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.84% of the company’s stock.

A number of hedge funds have recently modified their holdings of CFR. Two Sigma Advisers LP lifted its position in Cullen/Frost Bankers by 18.1% in the fourth quarter. Two Sigma Advisers LP now owns 144,636 shares of the bank’s stock valued at $12,719,000 after acquiring an additional 22,200 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Cullen/Frost Bankers in the fourth quarter valued at $333,000. Jefferies Group LLC lifted its position in Cullen/Frost Bankers by 129.8% in the third quarter. Jefferies Group LLC now owns 19,136 shares of the bank’s stock valued at $1,999,000 after acquiring an additional 10,808 shares during the last quarter. FDx Advisors Inc. lifted its position in Cullen/Frost Bankers by 11.2% in the third quarter. FDx Advisors Inc. now owns 8,228 shares of the bank’s stock valued at $859,000 after acquiring an additional 830 shares during the last quarter. Finally, AMP Capital Investors Ltd purchased a new stake in Cullen/Frost Bankers in the third quarter valued at $499,000. 81.23% of the stock is owned by institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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Earnings History and Estimates for Cullen/Frost Bankers (NYSE:CFR)

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