Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 1,163 Shares of Cullen/Frost Bankers, Inc. $CFR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,518 shares of the bank’s stock after buying an additional 1,163 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cullen/Frost Bankers were worth $2,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Cullen/Frost Bankers by 8,800.0% in the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after acquiring an additional 264 shares in the last quarter. eCIO Inc. bought a new stake in shares of Cullen/Frost Bankers during the first quarter valued at approximately $36,000. Geneos Wealth Management Inc. raised its position in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cullen/Frost Bankers in the 1st quarter worth $57,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Cullen/Frost Bankers in the 1st quarter worth $58,000. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $119.81 on Friday. The company has a market capitalization of $7.66 billion, a PE ratio of 12.90, a PEG ratio of 2.94 and a beta of 0.74. 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 stock’s 50 day moving average price is $124.86 and its 200-day moving average price is $127.70. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $147.64.

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

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 28th. Cullen/Frost Bankers’s payout ratio is 41.15%.

Analyst Ratings Changes

A number of analysts have commented on CFR shares. Evercore ISI upped their price objective on shares of 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 boosted their target price on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. Raymond James Financial lowered their target price on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday. Finally, Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $136.75.

About Cullen/Frost Bankers

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.