Captrust Financial Advisors Purchases 819 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Captrust Financial Advisors raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,341 shares of the bank’s stock after acquiring an additional 819 shares during the quarter. Captrust Financial Advisors’ holdings in Cullen/Frost Bankers were worth $2,462,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Cullen/Frost Bankers during the third quarter valued at approximately $29,000. UMB Bank n.a. lifted its holdings in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after purchasing an additional 239 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Cullen/Frost Bankers by 35.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock valued at $62,000 after purchasing an additional 120 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $106,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price of $16.93 per share, with a total value of $31,659.10. Following the transaction, the chief accounting officer now directly owns 5,545 shares in the company, valued at approximately $93,876.85. The trade was a 50.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.89% of the stock is currently owned by insiders.

Cullen/Frost Bankers Trading Down 0.2%

NYSE:CFR opened at $124.80 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a market cap of $8.02 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. The company has a 50 day simple moving average of $118.71 and a two-hundred day simple moving average of $131.09.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. The business had revenue of $560.42 million during the quarter, compared to the consensus estimate of $540.57 million. During the same quarter in the previous year, the firm posted $2.15 EPS. Research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. Cullen/Frost Bankers’s payout ratio is 43.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, March 13th. Evercore ISI upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 target price for the company in a report on Friday, May 2nd. Stephens boosted their price objective on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Finally, DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $132.14.

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.