FY2017 Earnings Forecast for Cullen/Frost Bankers, Inc. Issued By Jefferies Group (CFR)

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Research analysts at Jefferies Group decreased their FY2017 earnings estimates for Cullen/Frost Bankers in a note issued to investors on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings of $5.23 per share for the year, down from their prior estimate of $5.25. Jefferies Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for Cullen/Frost Bankers’ FY2018 earnings at $5.60 EPS and FY2019 earnings at $6.05 EPS.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, hitting the consensus estimate of $1.29. The company had revenue of $295.87 million for the quarter, compared to analyst estimates of $316.40 million. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. During the same quarter in the previous year, the company posted $1.11 earnings per share.

ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Forecast for Cullen/Frost Bankers, Inc. Issued By Jefferies Group (CFR)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/fy2017-earnings-forecast-for-cullenfrost-bankers-inc-issued-by-jefferies-group-cfr.html.

A number of other research firms also recently commented on CFR. Maxim Group reaffirmed a “buy” rating and set a $105.00 target price on shares of Cullen/Frost Bankers in a report on Thursday, July 27th. Stephens set a $97.00 price target on Cullen/Frost Bankers and gave the stock a “hold” rating in a research report on Thursday, July 27th. BidaskClub upgraded Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.13.

Cullen/Frost Bankers (NYSE CFR) opened at 94.91 on Tuesday. Cullen/Frost Bankers has a 52-week low of $69.86 and a 52-week high of $99.20. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 18.70 and a beta of 1.35. The firm’s 50-day moving average price is $88.98 and its 200 day moving average price is $91.28.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is currently 44.79%.

A number of hedge funds and other institutional investors have recently modified their holdings of CFR. UBS Asset Management Americas Inc. boosted its stake in Cullen/Frost Bankers by 15.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 34,111 shares of the bank’s stock valued at $3,035,000 after purchasing an additional 4,463 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth $869,000. OppenheimerFunds Inc. boosted its stake in shares of Cullen/Frost Bankers by 21.4% during the 1st quarter. OppenheimerFunds Inc. now owns 3,044 shares of the bank’s stock worth $271,000 after acquiring an additional 536 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Cullen/Frost Bankers by 2.2% during the 1st quarter. Wellington Management Group LLP now owns 669,704 shares of the bank’s stock worth $59,583,000 after acquiring an additional 14,281 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of Cullen/Frost Bankers by 4.3% during the 1st quarter. Advantus Capital Management Inc now owns 7,265 shares of the bank’s stock worth $646,000 after acquiring an additional 301 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commer

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Research analysts at Jefferies Group decreased their FY2017 earnings estimates for Cullen/Frost Bankers in a note issued to investors on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings of $5.23 per share for the year, down from their prior estimate of $5.25. Jefferies Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for Cullen/Frost Bankers’ FY2018 earnings at $5.60 EPS and FY2019 earnings at $6.05 EPS.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, hitting the consensus estimate of $1.29. The company had revenue of $295.87 million for the quarter, compared to analyst estimates of $316.40 million. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. During the same quarter in the previous year, the company posted $1.11 earnings per share.

ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Forecast for Cullen/Frost Bankers, Inc. Issued By Jefferies Group (CFR)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/fy2017-earnings-forecast-for-cullenfrost-bankers-inc-issued-by-jefferies-group-cfr.html.

A number of other research firms also recently commented on CFR. Maxim Group reaffirmed a “buy” rating and set a $105.00 target price on shares of Cullen/Frost Bankers in a report on Thursday, July 27th. Stephens set a $97.00 price target on Cullen/Frost Bankers and gave the stock a “hold” rating in a research report on Thursday, July 27th. BidaskClub upgraded Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research cut Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.13.

Cullen/Frost Bankers (NYSE CFR) opened at 94.91 on Tuesday. Cullen/Frost Bankers has a 52-week low of $69.86 and a 52-week high of $99.20. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 18.70 and a beta of 1.35. The firm’s 50-day moving average price is $88.98 and its 200 day moving average price is $91.28.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is currently 44.79%.

A number of hedge funds and other institutional investors have recently modified their holdings of CFR. UBS Asset Management Americas Inc. boosted its stake in Cullen/Frost Bankers by 15.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 34,111 shares of the bank’s stock valued at $3,035,000 after purchasing an additional 4,463 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth $869,000. OppenheimerFunds Inc. boosted its stake in shares of Cullen/Frost Bankers by 21.4% during the 1st quarter. OppenheimerFunds Inc. now owns 3,044 shares of the bank’s stock worth $271,000 after acquiring an additional 536 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Cullen/Frost Bankers by 2.2% during the 1st quarter. Wellington Management Group LLP now owns 669,704 shares of the bank’s stock worth $59,583,000 after acquiring an additional 14,281 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of Cullen/Frost Bankers by 4.3% during the 1st quarter. Advantus Capital Management Inc now owns 7,265 shares of the bank’s stock worth $646,000 after acquiring an additional 301 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

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

Receive News & Ratings for Cullen/Frost Bankers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply