First Dallas Securities Inc. Has $421,000 Position in Cullen/Frost Bankers, Inc. $CFR

First Dallas Securities Inc. cut its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 15.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,278 shares of the bank’s stock after selling 600 shares during the period. First Dallas Securities Inc.’s holdings in Cullen/Frost Bankers were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its stake in Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after buying an additional 264 shares during the period. eCIO Inc. bought a new stake in shares of Cullen/Frost Bankers in the first quarter worth about $36,000. Geneos Wealth Management Inc. raised its position in shares of Cullen/Frost Bankers by 40.8% during 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 during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at about $57,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 1.5%

CFR opened at $125.64 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $147.64. The company’s 50 day moving average price is $125.98 and its two-hundred day moving average price is $127.57. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.94 and a beta of 0.74.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. The firm had revenue of $589.31 million during the quarter, compared to the consensus estimate of $565.54 million. During the same quarter last year, the firm earned $2.24 earnings per share. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 28th. Cullen/Frost Bankers’s payout ratio is currently 41.15%.

Analyst Ratings Changes

Several brokerages have commented on CFR. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, October 8th. Raymond James Financial dropped their price target on Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. Morgan Stanley upped their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. Finally, Evercore ISI increased their price objective on Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $136.75.

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.