Cullen/Frost Bankers (NYSE:CFR) Announces Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Cullen/Frost Bankers (NYSE:CFR) announced its quarterly earnings data on Thursday. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19, Zacks reports. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $140.72 on Friday. The stock’s fifty day simple moving average is $137.94 and its 200 day simple moving average is $124.54. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $9.02 billion, a PE ratio of 17.51, a PEG ratio of 1.71 and a beta of 1.00. Cullen/Frost Bankers has a 12 month low of $94.09 and a 12 month high of $147.64.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CEO Phillip D. Green sold 14,358 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares of the company’s stock, valued at approximately $399,525.92. This trade represents a 58.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

CFR has been the topic of several recent research reports. Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their target price on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Citigroup boosted their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their price objective on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Finally, Maxim Group upped their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $127.92.

About Cullen/Frost Bankers

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.