Louisiana State Employees Retirement System Acquires 100 Shares of Cullen/Frost Bankers, Inc. $CFR

Louisiana State Employees Retirement System lifted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,100 shares of the bank’s stock after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Cullen/Frost Bankers were worth $2,327,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Cullen/Frost Bankers by 59.6% in the first quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock valued at $49,000 after buying an additional 146 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Cullen/Frost Bankers by 29.9% in the first quarter. Park Avenue Securities LLC now owns 2,900 shares of the bank’s stock valued at $363,000 after buying an additional 667 shares during the period. GAMMA Investing LLC lifted its stake in shares of Cullen/Frost Bankers by 877.5% in the first quarter. GAMMA Investing LLC now owns 8,035 shares of the bank’s stock valued at $1,006,000 after buying an additional 7,213 shares during the period. SG Americas Securities LLC lifted its stake in shares of Cullen/Frost Bankers by 644.1% in the first quarter. SG Americas Securities LLC now owns 9,726 shares of the bank’s stock valued at $1,218,000 after buying an additional 8,419 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Cullen/Frost Bankers by 19.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 711,527 shares of the bank’s stock valued at $89,083,000 after buying an additional 114,910 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CFR shares. Evercore ISI increased their target price on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Morgan Stanley increased their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday. Barclays dropped their price target on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Finally, Royal Bank Of Canada increased their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $137.62.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $122.70 on Friday. The firm has a market capitalization of $7.89 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 2.67 and a beta of 0.71. The firm has a 50-day moving average price of $127.00 and a 200 day moving average price of $125.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.11. The company had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. During the same quarter last year, the business posted $2.21 earnings per share. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.3%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 43.06%.

Cullen/Frost Bankers 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.