Lawson Kroeker Investment Management Inc. NE Boosts Stock Position in Cullen/Frost Bankers, Inc. $CFR

Lawson Kroeker Investment Management Inc. NE increased its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,970 shares of the bank’s stock after buying an additional 440 shares during the period. Cullen/Frost Bankers comprises approximately 1.3% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 25th largest holding. Lawson Kroeker Investment Management Inc. NE owned approximately 0.08% of Cullen/Frost Bankers worth $6,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFR. Vanguard Personalized Indexing Management LLC lifted its holdings in Cullen/Frost Bankers by 15.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,286 shares of the bank’s stock valued at $937,000 after purchasing an additional 990 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in Cullen/Frost Bankers in the 2nd quarter valued at about $550,000. JB Capital LLC acquired a new stake in Cullen/Frost Bankers in the 2nd quarter worth about $2,662,000. Horizon Bancorp Inc. IN purchased a new stake in Cullen/Frost Bankers during the 2nd quarter worth approximately $129,000. Finally, Callan Family Office LLC acquired a new position in shares of Cullen/Frost Bankers during the second quarter valued at approximately $315,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Down 4.0%

Shares of CFR stock opened at $122.70 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $147.64. The company’s 50-day moving average price is $127.00 and its 200-day moving average price is $125.90. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 2.57 and a beta of 0.71.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.11. The company had revenue of $567.83 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $2.21 earnings per share. As a group, equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $1.00 dividend. The ex-dividend date was Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.3%. Cullen/Frost Bankers’s dividend payout ratio is currently 43.06%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CFR shares. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research note on Thursday, September 25th. Morgan Stanley upped their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. 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 report on Tuesday, September 30th. Cantor Fitzgerald began coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, September 10th. They set a “neutral” rating and a $138.00 price target on the stock. Finally, Raymond James Financial cut 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $137.62.

Cullen/Frost Bankers Company 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.