Cullen Frost Bankers: Houston Expansion To Drag Earnings [Seeking Alpha]
Cullen/Frost Bankers, Inc. (CFR)
Last cullen/frost bankers, inc. earnings: 4/30 09:00 am
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US:NYSE Investor Relations:
frostbank.com/investor-relations
Company Research
Source: Seeking Alpha
Summary Earnings are expected to decline this year due to expansion in Houston. Related costs will remain elevated this year while benefits will materialize with a lag next year. High provisions charge, partly due to the energy sector, will also affect earnings. Quarterly dividend is expected to be maintained at $0.71 per share throughout 2020, leading to dividend yield of 3.05%. Target price suggests a limited price upside, which justifies a neutral rating. Cullen/Frost Bankers' ( CFR Houston Expansion to Constrain Earnings in 2020 CFR opened four new financial centers in Houston in the fourth quarter of 2019 that brought the total number of centers opened during the year to ten. The company plans on opening a further 15 centers in Houston to round up its expansion in the city. As mentioned in the fourth quarter conference call No Further Worsening of Energy Sector Issues in the Last Quarter CFR’s provisions charge surged last year mostly due to three problematic loans in the energy
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CFR
News
- Cullen/Frost Bankers, Inc. (NYSE:CFR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its price target lowered by analysts at Truist Financial Co. from $121.00 to $115.00. They now have a "hold" rating on the stock.MarketBeat
- Cullen/Frost (CFR) Stock Down 5.2% Despite Q1 Earnings Beat [Yahoo! Finance]Yahoo! Finance
- Cullen/Frost Bankers, Inc. (NYSE: CFR) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $115.00 price target on the stock.MarketBeat
- Here's What Key Metrics Tell Us About Cullen/Frost (CFR) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
CFR
Earnings
- 4/25/24 - Miss
CFR
Sec Filings
- 4/30/24 - Form S-8
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- CFR's page on the SEC website