First Quarter 2022 EPS Estimates for Cullen/Frost Bankers, Inc. (NYSE:CFR) Boosted by Jefferies Financial Group

0

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Jefferies Financial Group raised its first-quarter 2022 earnings per share estimate for shares of Cullen/Frost Bankers in a research report released Sunday, February 13. Jefferies Financial Group analyst C. Haire now expects the bank to earn $1.54 per share for the quarter, up from its previous estimate of $1.47. Jefferies Financial Group also released estimates for Cullen/Frost Bankers Q2 2022 earnings at $1.66 EPS and Q4 2023 earnings at $1.95 EPS. Cullen/Frost Bankers Inc (NYSE:CFR) last announced its results on Thursday, January 27. The bank reported earnings per share of $1.54 for the quarter, beating Thomson Reuters consensus estimate of $1.34 by $0.20. Cullen/Frost Bankers had a return on equity of 10.57% and a net margin of 31.19%. The company posted revenue of $349.76 million in the quarter, compared to $350.93 million expected by analysts. In the same quarter last year, the company posted earnings per share of $1.38. The company’s quarterly revenue increased 4.9% year over year.

Several other research analysts have also weighed in on the company recently. Maxim Group raised its price target on Cullen/Frost Bankers from $157.00 to $162.00 in a Friday, January 28 research note. Royal Bank of Canada raised its price target on Cullen/Frost Bankers from $126.00 to $135.00 and gave the company an “industry performance” rating in a Friday, October 29 research note. Morgan Stanley raised its price target on Cullen/Frost Bankers from $100.00 to $108.00 and gave the company an “underweight” rating in a research report Monday, Dec. 6. Stephens raised his price target on Cullen/Frost Bankers from $120.00 to $134.00 and gave the company an “equal weight” rating in a Friday, October 29 research report. Finally, Zacks Investment Research upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a price target of $151.00 for the company in a Wednesday, February 2 research report. Three research analysts have assigned the stock a sell rating, three have assigned a hold rating and two have assigned the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $136.00.

(A d)

Aggressive exploration in proven districts could propel this lithium explorer to the top.

CFR shares opened at $142.56 on Tuesday. The stock has a 50-day simple moving average of $133.59 and a 200-day simple moving average of $125.54. Cullen/Frost Bankers has a fifty-two week low of $100.12 and a fifty-two week high of $147.39. The stock has a market capitalization of $9.13 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.35 and a beta of 1.30. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt ratio of 0.06.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 15. Investors of record on Monday, February 28 will receive a dividend of $0.75. This represents an annualized dividend of $3.00 and a yield of 2.10%. The ex-dividend date is Friday, February 25. The Cullen/Frost Bankers dividend payout ratio is currently 44.38%.

Separately, insider Patrick B. Frost sold 6,601 shares in a trade dated Friday, February 4. The stock was sold at an average price of $139.33, for a total value of $919,717.33. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. 4.50% of the shares are currently held by insiders.

Institutional investors and hedge funds have recently been buying and selling shares of the company. UMB Bank NA MO purchased a new stake in shares of Cullen/Frost Bankers during Q4 for a value of approximately $25,000. Clearstead Advisors LLC bought a new stock position in Cullen/Frost Bankers in Q3, valued at around $27,000. Meeder Asset Management Inc. increased its stake in Cullen/Frost Bankers shares to 83.2% in Q3. Meeder Asset Management Inc. now owns 251 shares of the bank valued at $30,000 after acquiring 114 additional shares last quarter. Benjamin Edwards Inc. bought a new position in Cullen/Frost Bankers stock in Q3 valued at around $33,000. Finally, Steward Financial Group LLC bought a new position in Cullen/Frost Bankers stock in Q4 valued at around $37,000. 82.51% of the shares are held by institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the banking holding company of Frost Bank, which provides commercial and consumer banking, as well as trust and investment management, mutual funds, investment banking , insurance, brokerage, leasing, asset-lending, cash management and item processing services.

Featured articles

Earnings history and estimates for Cullen/Frost Bankers (NYSE:CFR)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Cullen/Frost Bankers right now?

Before you consider Cullen/Frost Bankers, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Cullen/Frost Bankers wasn’t on the list.

While Cullen/Frost Bankers currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.