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Cullen/Frost (CFR) Riding High on Top-Line Strength
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On Jun 1, we issued an updated research report on Cullen/Frost Bankers, Inc. (CFR - Free Report) . The company remains well poised for growth backed by increasing revenues and a strong capital position. However, escalating expenses remain a concern.
Shares of Cullen/Frost have gained 10% over the last six months, significantly outperforming the Zacks categorized Banks - Southwest industry’s decline of nearly 1%.
The company’s current year and current-quarter earnings estimates have been revised upward by 4.1% and 3.2%, respectively, over the last 60 days. As a result, the stock holds a Zacks Rank #2 (Buy).
Over the last five years (ended 2016), the company’s revenues witnessed a compound annual growth rate of about 5.9%. Its low cost funding source is expected to further strengthen revenues in a rising rate environment.
The company raised its quarterly dividend for the 24th consecutive year. This reflects its strong balance sheet position and commitment to enhance shareholder value.
However, the company’s aim to grow its franchise will keep expenses on the higher side. This will likely keep Cullen/Frost exposed to operational risks in the near term.
Other Stocks to Consider
Some of the other stocks in the same space worth considering include BOK Financial Corp. (BOKF - Free Report) , BancFirst Corp. (BANF - Free Report) and Southside Bancshares, Inc. (SBSI - Free Report) .
Southside Bancshares’ current-year earnings estimates were revised 6.0% upward over the past 60 days. Over the last year, its share price jumped 13.31%.
BOK Financial witnessed an upward earnings estimate revision of 14.2%, over the past 60 days. Also, its share price gained 27.8% over the last year.
BancFirst's earnings estimates moved upward by 6.9% over the past 60 days, for the current year. Its share price increased 50.7%, over the last year.
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Cullen/Frost (CFR) Riding High on Top-Line Strength
On Jun 1, we issued an updated research report on Cullen/Frost Bankers, Inc. (CFR - Free Report) . The company remains well poised for growth backed by increasing revenues and a strong capital position. However, escalating expenses remain a concern.
Shares of Cullen/Frost have gained 10% over the last six months, significantly outperforming the Zacks categorized Banks - Southwest industry’s decline of nearly 1%.
The company’s current year and current-quarter earnings estimates have been revised upward by 4.1% and 3.2%, respectively, over the last 60 days. As a result, the stock holds a Zacks Rank #2 (Buy).
Over the last five years (ended 2016), the company’s revenues witnessed a compound annual growth rate of about 5.9%. Its low cost funding source is expected to further strengthen revenues in a rising rate environment.
The company raised its quarterly dividend for the 24th consecutive year. This reflects its strong balance sheet position and commitment to enhance shareholder value.
However, the company’s aim to grow its franchise will keep expenses on the higher side. This will likely keep Cullen/Frost exposed to operational risks in the near term.
Other Stocks to Consider
Some of the other stocks in the same space worth considering include BOK Financial Corp. (BOKF - Free Report) , BancFirst Corp. (BANF - Free Report) and Southside Bancshares, Inc. (SBSI - Free Report) .
Southside Bancshares currently carries a Zacks Rank #2 while BOK Financial and BancFirst sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Southside Bancshares’ current-year earnings estimates were revised 6.0% upward over the past 60 days. Over the last year, its share price jumped 13.31%.
BOK Financial witnessed an upward earnings estimate revision of 14.2%, over the past 60 days. Also, its share price gained 27.8% over the last year.
BancFirst's earnings estimates moved upward by 6.9% over the past 60 days, for the current year. Its share price increased 50.7%, over the last year.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>