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

Cullen/Frost Bankers (NYSE:CFR) announced its quarterly earnings results on Thursday. The bank reported $2.36 EPS for the quarter, beating the consensus estimate 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 Up 0.1 %

Shares of CFR stock opened at $140.72 on Friday. Cullen/Frost Bankers has a one year low of $94.09 and a one year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a fifty day moving average price of $137.94 and a 200 day moving average price of $124.54. The stock has a market cap of $9.02 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares in the company, valued at $399,525.92. This represents a 58.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,980,829.68. Following the completion of the sale, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. This represents a 13.20 % 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 subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Citigroup upped their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. Stephens lifted their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price objective on Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Finally, Maxim Group raised their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and a consensus target price 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.