Villere ST Denis J & Co. LLC cut its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 27.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,775 shares of the bank’s stock after selling 18,700 shares during the period. Villere ST Denis J & Co. LLC owned about 0.08% of Cullen/Frost Bankers worth $4,580,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of CFR. Invictus RG bought a new position in Cullen/Frost Bankers during the first quarter worth $109,000. Mosaic Family Wealth LLC boosted its position in Cullen/Frost Bankers by 2.8% in the first quarter. Mosaic Family Wealth LLC now owns 1,638 shares of the bank’s stock worth $146,000 after buying an additional 44 shares in the last quarter. Americafirst Capital Management LLC bought a new position in Cullen/Frost Bankers during the first quarter worth $156,000. Paloma Partners Management Co bought a new position in Cullen/Frost Bankers during the first quarter worth $206,000. Finally, Evanson Asset Management LLC bought a new position in Cullen/Frost Bankers during the first quarter worth $245,000. Hedge funds and other institutional investors own 80.80% of the company’s stock.
Cullen/Frost Bankers, Inc. (CFR) opened at 86.61 on Friday. Cullen/Frost Bankers, Inc. has a 52 week low of $67.86 and a 52 week high of $99.20. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 17.06 and a beta of 1.32. The firm’s 50-day moving average is $93.52 and its 200 day moving average is $92.01.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, meeting the consensus estimate of $1.29. The company had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $316.40 million. Cullen/Frost Bankers had a return on equity of 11.05% and a net margin of 28.92%. During the same quarter in the previous year, the business earned $1.11 EPS. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post $5.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, August 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 44.79%.
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A number of equities analysts have weighed in on the stock. BidaskClub cut shares of Cullen/Frost Bankers from a “sell” rating to a “strong sell” rating in a research report on Friday. Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday. Wedbush upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $92.00 price objective for the company in a research report on Friday, May 19th. Royal Bank Of Canada restated a “sector perform” rating and set a $99.00 price objective (up from $93.00) on shares of Cullen/Frost Bankers in a research report on Thursday, April 27th. Finally, Barclays PLC upped their target price on shares of Cullen/Frost Bankers from $97.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $95.33.
In other Cullen/Frost Bankers news, Director Graham M. Weston purchased 22,081 shares of the stock in a transaction on Tuesday, May 16th. The stock was bought at an average price of $90.56 per share, for a total transaction of $1,999,655.36. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.15% of the stock is owned by insiders.
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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