Mutual of America Capital Management LLC Sells 816 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Mutual of America Capital Management LLC reduced its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,060 shares of the bank’s stock after selling 816 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Cullen/Frost Bankers worth $4,139,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CFR. Alpine Bank Wealth Management bought a new position in Cullen/Frost Bankers in the 1st quarter valued at about $30,000. UMB Bank n.a. increased its holdings 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 purchasing an additional 146 shares during the period. Parallel Advisors LLC increased its holdings 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 purchasing an additional 132 shares during the period. Focus Partners Wealth bought a new position in shares of Cullen/Frost Bankers during the fourth quarter worth approximately $204,000. Finally, Snowden Capital Advisors LLC bought a new position in shares of Cullen/Frost Bankers during the fourth quarter worth approximately $211,000. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock 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 company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $7.92 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.58 and a beta of 0.70. The company’s 50 day moving average price is $130.41 and its two-hundred day moving average price is $128.17.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results 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 net margin of 21.20% and a return on equity of 15.46%. The firm had revenue of $567.83 million for the quarter, compared to analyst estimates of $552.04 million. During the same quarter last year, the business posted $2.21 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on CFR shares. Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an “underperform” rating and a $105.00 target price on the stock. Barclays lowered their target price 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, August 1st. Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 target price on the stock in a report on Friday, May 2nd. Royal Bank Of Canada lowered their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd. Finally, Stephens raised their target price 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. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.