HB Wealth Management LLC Increases Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

HB Wealth Management LLC boosted its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,897 shares of the bank’s stock after acquiring an additional 102 shares during the period. HB Wealth Management LLC’s holdings in Cullen/Frost Bankers were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new position in shares of Cullen/Frost Bankers during the first quarter worth about $30,000. UMB Bank n.a. increased its stake in shares of 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 period. Parallel Advisors LLC increased its stake in shares of 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 period. Reyes Financial Architecture Inc. increased its stake in shares of 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 period. Finally, Focus Partners Wealth acquired a new position in shares of Cullen/Frost Bankers during the fourth quarter worth about $204,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $123.99 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $7.97 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 2.63 and a beta of 0.70. The company has a 50 day moving average price of $130.84 and a two-hundred day moving average price of $128.72. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 26.82% and a return on equity of 15.61%. The company had revenue of $567.83 million for the quarter, compared to analyst estimates of $552.04 million. During the same quarter last year, the firm posted $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 fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.2%. Cullen/Frost Bankers’s payout ratio is 43.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CFR shares. Royal Bank Of Canada reduced their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, May 2nd. Stephens boosted their price objective on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Jefferies Financial Group assumed coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an “underperform” rating and a $105.00 price objective on the stock. Barclays decreased their price objective on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price objective on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.07.

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.