Oak Harvest Investment Services Has $5.49 Million Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Oak Harvest Investment Services grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,686 shares of the bank’s stock after acquiring an additional 1,277 shares during the period. Oak Harvest Investment Services owned 0.07% of Cullen/Frost Bankers worth $5,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Xponance Inc. grew its stake in Cullen/Frost Bankers by 1.6% in the first quarter. Xponance Inc. now owns 7,207 shares of the bank’s stock valued at $902,000 after purchasing an additional 113 shares in the last quarter. CWM LLC boosted its holdings in shares of Cullen/Frost Bankers by 21.7% in the 1st quarter. CWM LLC now owns 4,736 shares of the bank’s stock valued at $593,000 after buying an additional 843 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Cullen/Frost Bankers by 55.9% in the first quarter. Victory Capital Management Inc. now owns 18,084 shares of the bank’s stock valued at $2,264,000 after buying an additional 6,484 shares in the last quarter. Tributary Capital Management LLC increased its holdings in Cullen/Frost Bankers by 4.0% during the first quarter. Tributary Capital Management LLC now owns 8,854 shares of the bank’s stock worth $1,109,000 after buying an additional 339 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Cullen/Frost Bankers by 0.7% in the first quarter. GW&K Investment Management LLC now owns 350,437 shares of the bank’s stock valued at $43,874,000 after acquiring an additional 2,599 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CFR shares. Evercore ISI lifted their price target on Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Citigroup increased their price target on Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research note on Friday, October 31st. Morgan Stanley upped their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Royal Bank Of Canada lifted their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $136.75.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $123.17 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $7.88 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.94 and a beta of 0.74. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $147.64. The firm has a 50-day moving average price of $125.57 and a two-hundred day moving average price of $127.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.29. The business had revenue of $567.27 million during the quarter, compared to analysts’ expectations of $565.54 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.During the same period in the previous year, the company posted $2.24 earnings per share. Analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 41.15%.

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.