Q4 2024 EPS Estimates for Cullen/Frost Bankers, Inc. Lifted by Zacks Research (NYSE:CFR)

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities research analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for Cullen/Frost Bankers in a note issued to investors on Tuesday, July 23rd. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $2.06 for the quarter, up from their previous forecast of $2.03. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.42 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q2 2025 earnings at $2.11 EPS, Q3 2025 earnings at $2.05 EPS and Q4 2025 earnings at $2.14 EPS.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. The firm had revenue of $522.74 million for the quarter, compared to analyst estimates of $510.09 million. During the same period last year, the company earned $2.70 earnings per share.

A number of other research analysts have also commented on CFR. DA Davidson reissued a “buy” rating and set a $126.00 price target on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. JPMorgan Chase & Co. lowered their price target on Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada raised their price target on Cullen/Frost Bankers from $118.00 to $119.00 and gave the company a “sector perform” rating in a report on Tuesday, July 9th. Truist Financial decreased their target price on Cullen/Frost Bankers from $115.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Finally, StockNews.com raised Cullen/Frost Bankers to a “sell” rating in a research note on Saturday, May 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and a consensus target price of $113.77.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $113.83 on Thursday. Cullen/Frost Bankers has a 1-year low of $82.25 and a 1-year high of $120.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average price is $102.03 and its two-hundred day moving average price is $105.67. The firm has a market capitalization of $7.31 billion, a PE ratio of 13.46, a P/E/G ratio of 1.44 and a beta of 1.03.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of institutional investors have recently bought and sold shares of CFR. Raymond James Trust N.A. purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth about $222,000. Brookstone Capital Management purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth about $228,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Cullen/Frost Bankers by 53.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 10,420 shares of the bank’s stock worth $1,131,000 after purchasing an additional 3,609 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Cullen/Frost Bankers by 79.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,623 shares of the bank’s stock worth $1,044,000 after purchasing an additional 4,263 shares in the last quarter. Finally, Elk River Wealth Management LLC purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth about $217,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.