Fiera Capital Corp Buys 71,624 Shares of Cullen/Frost Bankers, Inc. $CFR

Fiera Capital Corp grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 30.5% during the 4th quarter, HoldingsChannel reports. The firm owned 306,448 shares of the bank’s stock after acquiring an additional 71,624 shares during the quarter. Fiera Capital Corp’s holdings in Cullen/Frost Bankers were worth $38,806,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CFR. Advisory Services Network LLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $28,000. Covestor Ltd grew its stake in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. grew its stake in shares of Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after purchasing an additional 184 shares during the period. Community Bank N.A. bought a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $35,000. Finally, Matrix Trust Co grew its position in Cullen/Frost Bankers by 40.4% during the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after acquiring an additional 92 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Up 0.7%

NYSE:CFR opened at $141.12 on Tuesday. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $148.97. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $8.86 billion, a P/E ratio of 13.74, a P/E/G ratio of 3.55 and a beta of 0.55. The stock’s fifty day simple moving average is $139.53 and its 200-day simple moving average is $136.15.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly 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. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.The business had revenue of $574.84 million for the quarter, compared to analyst estimates of $587.29 million. During the same period last year, the company earned $2.30 EPS. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post 10.46 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $1.03 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio is 40.12%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CFR. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Cantor Fitzgerald restated a “neutral” rating on shares of Cullen/Frost Bankers in a research report on Monday, June 1st. Royal Bank Of Canada increased their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. Citigroup increased their price target on Cullen/Frost Bankers from $125.00 to $131.00 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Finally, Barclays increased their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.73.

Cullen/Frost Bankers Company Profile

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.