Natixis Advisors LLC Acquires 8,003 Shares of Cullen/Frost Bankers, Inc. $CFR

Natixis Advisors LLC raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 373,373 shares of the bank’s stock after buying an additional 8,003 shares during the period. Natixis Advisors LLC’s holdings in Cullen/Frost Bankers were worth $47,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp increased its stake in Cullen/Frost Bankers by 13.5% during the 4th quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock valued at $13,822,000 after purchasing an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Cullen/Frost Bankers by 863.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after purchasing an additional 19,221 shares in the last quarter. Truist Financial Corp increased its stake in Cullen/Frost Bankers by 21.8% during the 3rd quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock valued at $5,110,000 after purchasing an additional 7,217 shares in the last quarter. Marshall Financial Group LLC bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at $1,142,000. Finally, Carlson Capital L.P. bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth $1,382,000. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $134.46 on Thursday. Cullen/Frost Bankers, Inc. has a 1 year low of $119.00 and a 1 year high of $148.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 3.44 and a beta of 0.55. The company has a fifty day moving average price of $139.27 and a 200-day moving average price of $135.76.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million during the quarter, compared to analyst estimates of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter in the prior year, the business posted $2.30 EPS. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 10.46 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.03 dividend. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. Cullen/Frost Bankers’s payout ratio is presently 40.12%.

Analyst Upgrades and Downgrades

CFR has been the subject of several recent analyst reports. Stephens upgraded shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 target price for the company in a research note on Tuesday, May 5th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday. Barclays upped their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada upped their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $148.73.

About Cullen/Frost Bankers

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.