5,077 Shares in Cullen/Frost Bankers, Inc. $CFR Bought by FORA Capital LLC

FORA Capital LLC purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,077 shares of the bank’s stock, valued at approximately $636,000.

Several other large investors also recently bought and sold shares of the business. Boston Trust Walden Corp increased its position in Cullen/Frost Bankers by 5.7% in the first quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank’s stock worth $139,282,000 after purchasing an additional 60,187 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Cullen/Frost Bankers by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,057,294 shares of the bank’s stock worth $132,365,000 after buying an additional 30,709 shares during the period. Northern Trust Corp boosted its stake in Cullen/Frost Bankers by 8.0% during the first quarter. Northern Trust Corp now owns 1,051,168 shares of the bank’s stock worth $131,606,000 after buying an additional 77,592 shares during the period. GAMMA Investing LLC boosted its stake in Cullen/Frost Bankers by 122,282.2% during the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank’s stock worth $125,949,000 after buying an additional 1,005,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Cullen/Frost Bankers by 19.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 711,527 shares of the bank’s stock worth $89,083,000 after buying an additional 114,910 shares during the period. Institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CFR. Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price objective for the company in a research note on Friday, May 2nd. Barclays dropped their price objective on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Raymond James Financial dropped their price objective on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. Jefferies Financial Group began coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They set an “underperform” rating and a $105.00 price objective for the company. Finally, Royal Bank Of Canada dropped their price objective on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Reduce” and an average price target of $133.71.

Cullen/Frost Bankers Stock Up 0.3%

Shares of CFR opened at $132.26 on Thursday. The firm has a market capitalization of $8.51 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.77 and a beta of 0.70. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $147.64. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $130.62 and a 200-day moving average price of $127.04.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. The firm had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. During the same period in the previous year, the firm earned $2.21 earnings per share. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. Cullen/Frost Bankers’s dividend payout ratio is 43.06%.

Cullen/Frost Bankers Company Profile

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.