What is Zacks Research’s Estimate for CFR FY2024 Earnings?

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Zacks Research lowered their FY2024 earnings per share (EPS) estimates for Cullen/Frost Bankers in a research report issued on Monday, October 28th. Zacks Research analyst R. Department now expects that the bank will post earnings per share of $8.46 for the year, down from their prior forecast of $8.56. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.59 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q2 2025 earnings at $1.98 EPS, Q4 2025 earnings at $1.61 EPS, FY2025 earnings at $7.65 EPS, Q1 2026 earnings at $1.99 EPS and FY2026 earnings at $8.24 EPS.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group dropped their target price on Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. DA Davidson raised their target price on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Maxim Group lifted their price target on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price target on Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Finally, Stephens lifted their price objective on Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $121.31.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $130.62 on Thursday. The stock has a 50 day simple moving average of $114.52 and a 200 day simple moving average of $108.59. The stock has a market cap of $8.39 billion, a P/E ratio of 15.44, a PEG ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers has a 1-year low of $88.86 and a 1-year high of $133.03. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Cullen/Frost Bankers during the third quarter valued at about $1,853,000. VELA Investment Management LLC boosted its position in Cullen/Frost Bankers by 578.4% during the 3rd quarter. VELA Investment Management LLC now owns 17,055 shares of the bank’s stock worth $1,908,000 after buying an additional 14,541 shares during the period. Ceredex Value Advisors LLC grew its holdings in Cullen/Frost Bankers by 14.0% during the 3rd quarter. Ceredex Value Advisors LLC now owns 124,462 shares of the bank’s stock worth $13,922,000 after acquiring an additional 15,300 shares during the last quarter. Phillips Wealth Planners LLC acquired a new stake in Cullen/Frost Bankers in the third quarter valued at $207,000. Finally, New York State Common Retirement Fund lifted its holdings in Cullen/Frost Bankers by 15.4% during the 3rd quarter. New York State Common Retirement Fund now owns 162,352 shares of the bank’s stock worth $18,161,000 after buying an additional 21,662 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.