Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC grew its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,165 shares of the bank’s stock after acquiring an additional 84 shares during the quarter. LaSalle St. Investment Advisors LLC’s holdings in Cullen/Frost Bankers were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Cullen/Frost Bankers during the first quarter worth about $30,000. UMB Bank n.a. increased its stake in Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock worth $49,000 after acquiring an additional 146 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Cullen/Frost Bankers during the first quarter worth about $58,000. Parallel Advisors LLC increased its stake in Cullen/Frost Bankers by 33.8% during the first quarter. Parallel Advisors LLC now owns 522 shares of the bank’s stock worth $65,000 after acquiring an additional 132 shares during the last quarter. Finally, Reyes Financial Architecture Inc. increased its stake in Cullen/Frost Bankers by 38.5% during the first quarter. Reyes Financial Architecture Inc. now owns 1,273 shares of the bank’s stock worth $159,000 after acquiring an additional 354 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $123.13 on Friday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $147.64. The business has a 50 day moving average price of $130.41 and a two-hundred day moving average price of $128.17. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The firm has a market cap of $7.92 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 2.58 and a beta of 0.70.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%. The firm had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. During the same quarter last year, the firm earned $2.21 EPS. Sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jefferies Financial Group initiated coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an “underperform” rating and a $105.00 target price on the stock. Raymond James Financial lowered 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 research report on Monday, August 4th. Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price objective for the company in a research report on Friday, May 2nd. Barclays lowered their price objective on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Finally, Royal Bank Of Canada lowered their price objective on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $133.71.

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.