Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Position Decreased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,660 shares of the bank’s stock after selling 264 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cullen/Frost Bankers were worth $1,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Cullen/Frost Bankers during the 1st quarter valued at about $30,000. UMB Bank n.a. boosted its stake in Cullen/Frost Bankers by 59.6% during the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock valued at $49,000 after purchasing an additional 146 shares during the period. Parallel Advisors LLC boosted its stake in Cullen/Frost Bankers by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 522 shares of the bank’s stock valued at $65,000 after purchasing an additional 132 shares during the period. Reyes Financial Architecture Inc. boosted its stake in Cullen/Frost Bankers by 38.5% during the 1st quarter. Reyes Financial Architecture Inc. now owns 1,273 shares of the bank’s stock valued at $159,000 after purchasing an additional 354 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth about $204,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Down 2.7%

NYSE CFR opened at $123.99 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. The company’s 50 day simple moving average is $130.84 and its 200 day simple moving average is $128.63. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $147.64. The company has a market capitalization of $7.98 billion, a P/E ratio of 13.35, a PEG ratio of 2.63 and a beta of 0.70.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. The business had revenue of $567.83 million for the quarter, compared to the consensus estimate of $552.04 million. During the same period in the previous year, the firm earned $2.21 EPS. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

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

Analyst Ratings Changes

CFR has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an “underperform” rating and a $105.00 price target on the stock. Evercore ISI upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price target on the stock in a research report on Friday, May 2nd. Barclays dropped their price target on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday. Raymond James Financial upgraded shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada dropped their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating on the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $134.07.

About Cullen/Frost Bankers

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.