Stock Market Watch

Cullen/Frost Bankers – Reports Q3 (Sep) Earnings

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Cullen/Frost Bankers, Inc. (NYSE:CFR). Last Market Price: 47.75, Change: -0.25, % Change: (-0.52%). Shares trade in the range of 46.42 – 49.07 dollars. It has a market capitalization of 2.92B dollars, making it a Mid Cap Stock and has 61.25M outstanding shares. The company has a beta of 0.57, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 3.52; P/E of 13.56 indicating, that the stock price to be fair valued. It operates in Financial sector and belongs to Regional Banks industry. Percentage shares held by institutional investors is 76%. The company has a 52 week Price range (low – high) of $ 43.57 – 62.59. Average volumes of shares traded daily are 757,945. Volume traded in the last session was at 367,890, 0.49 times the average volume.

  • Reports Q3 (Sep) EPS of $0.89 , in-line with the estimates
  • The provision for loan losses was $9.0 million, compared to $10.1 million reported a year earlier, while the allowance for loan losses as a%age of loans decreased to 1.43% from 1.57% for the same quarter of 2010.

For Q2 (Jun ’11), It had a Net profit margin of 25.89%, an Operating margin of 32.23%. Other Key stats and ratios are : Return on average assets of 1.23%, Return on average equity of 10.41%. The organization has an employee strength of 3,777

Consensus Recommendation is a Hold.


Estimate for sales for the Quarter Ending Dec-11 show a mean of 227.04 million dollars, an estimate high of 235.10 million dollars and an estimate low of 212.60 million dollars. A year ago the figures stood at 235.80 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 230.92 million dollars, an estimate high of 244.27 million dollars and an estimate low of 220.40 million dollars. A year ago the figures stood at 227.85 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.85 dollars, an estimate high of 0.92 dollars and an estimate low of 0.81 dollars. A year ago the figures stood at 0.98 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 0.89 dollars, an estimate high of 0.97 dollars and an estimate low of 0.84 dollars. A year ago the figures stood at 0.96 dollars.

Sales for Quarter Ending Jun-11 was estimated at 230.84 million dollars, however the actual sales figure stood at 230.30 million dollars, 0.54 million dollars less than estimates.

Sales for Quarter Ending Mar-11 was estimated at 222.45 million dollars, however the actual sales figure stood at 228.97 million dollars, 6.52 million dollars more than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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