Louisiana State Employees Retirement System Makes New $2.51 Million Investment in Cullen/Frost Bankers, Inc. $CFR

Louisiana State Employees Retirement System acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 1st quarter, Holdings Channel.com reports. The fund acquired 18,300 shares of the bank’s stock, valued at approximately $2,509,000.

A number of other institutional investors have also recently modified their holdings of the stock. Diversified Trust Co. grew its holdings in shares of Cullen/Frost Bankers by 0.5% during the 4th quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock worth $1,756,000 after purchasing an additional 74 shares in the last quarter. Matrix Trust Co raised its stake in Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after purchasing an additional 92 shares in the last quarter. Private Advisor Group LLC lifted its position in Cullen/Frost Bankers by 2.9% during the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after purchasing an additional 94 shares during the period. Cardinal Capital Management lifted its position in Cullen/Frost Bankers by 0.5% during the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after purchasing an additional 98 shares during the period. Finally, Evolve Private Wealth LLC grew its stake in Cullen/Frost Bankers by 6.0% during the first quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock worth $237,000 after buying an additional 98 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the transaction, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $154.50 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $9.70 billion, a PE ratio of 15.04, a P/E/G ratio of 3.91 and a beta of 0.55. Cullen/Frost Bankers, Inc. has a 12 month low of $119.00 and a 12 month high of $156.21. The stock has a 50-day moving average price of $141.99 and a two-hundred day moving average price of $138.67.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.16. The company had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.28 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same quarter in the prior year, the firm posted $2.30 earnings per share. Analysts expect that Cullen/Frost Bankers, Inc. will post 10.54 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 29th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Cullen/Frost Bankers’s payout ratio is 40.12%.

Analyst Ratings Changes

Several equities analysts have commented on CFR shares. Royal Bank Of Canada raised their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Citigroup upped their price target on shares of Cullen/Frost Bankers from $125.00 to $131.00 and gave the stock a “sell” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective on the stock in a research note on Tuesday, May 5th. Finally, DA Davidson boosted their price objective on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $149.45.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.