Cullen/Frost Bankers, Inc. $CFR Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.2% in the second quarter, Holdings Channel reports. The institutional investor owned 7,936 shares of the bank’s stock after selling 99 shares during the quarter. GAMMA Investing LLC’s holdings in Cullen/Frost Bankers were worth $1,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management acquired a new position in Cullen/Frost Bankers during the 1st quarter worth $30,000. eCIO Inc. bought a new position in shares of Cullen/Frost Bankers during the first quarter worth about $36,000. Geneos Wealth Management Inc. grew its stake in Cullen/Frost Bankers by 40.8% in 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 in the last quarter. UMB Bank n.a. grew its stake in Cullen/Frost Bankers by 59.6% in the first quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock worth $49,000 after purchasing an additional 146 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Cullen/Frost Bankers in the first quarter valued at about $57,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $125.44 on Wednesday. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $147.64. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.62 and a beta of 0.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s fifty day moving average is $129.07 and its two-hundred day moving average is $125.62.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.11. The business had revenue of $567.83 million for the quarter, compared to analysts’ expectations 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 company earned $2.21 EPS. On average, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $1.00 per share. The ex-dividend date was Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. Cullen/Frost Bankers’s payout ratio is currently 43.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CFR. Cantor Fitzgerald started coverage on Cullen/Frost Bankers in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 target price for the company. Raymond James Financial decreased their price objective on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, August 4th. Finally, Barclays lowered their target price on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Reduce” and an average price target of $135.69.

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.