Cetera Investment Advisers Boosts Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Cetera Investment Advisers boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 24.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,514 shares of the bank’s stock after acquiring an additional 1,668 shares during the period. Cetera Investment Advisers’ holdings in Cullen/Frost Bankers were worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Xponance Inc. raised its holdings in shares of Cullen/Frost Bankers by 1.6% in the first quarter. Xponance Inc. now owns 7,207 shares of the bank’s stock worth $902,000 after buying an additional 113 shares during the last quarter. Commerce Bank raised its holdings in shares of Cullen/Frost Bankers by 0.9% in the fourth quarter. Commerce Bank now owns 12,536 shares of the bank’s stock worth $1,683,000 after buying an additional 116 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of Cullen/Frost Bankers by 2.6% in the first quarter. Fulton Bank N.A. now owns 5,012 shares of the bank’s stock worth $628,000 after buying an additional 126 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Cullen/Frost Bankers by 33.8% in the first quarter. Parallel Advisors LLC now owns 522 shares of the bank’s stock worth $65,000 after buying an additional 132 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Cullen/Frost Bankers by 1.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,682 shares of the bank’s stock worth $962,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CFR. Jefferies Financial Group began coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an “underperform” rating and a $105.00 price target for the company. Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price target for the company in a report on Friday, May 2nd. Royal Bank Of Canada decreased their price target on shares of 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. Barclays cut 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 research note on Friday, August 1st. Finally, Stephens increased 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 research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $133.71.

Cullen/Frost Bankers Stock Down 1.0%

CFR stock opened at $122.03 on Tuesday. The firm has a market cap of $7.85 billion, a PE ratio of 13.14, a P/E/G ratio of 2.60 and a beta of 0.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day moving average is $130.33 and its 200 day moving average is $127.88. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year 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 the consensus estimate of $2.28 by $0.11. The company had revenue of $567.83 million for the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. During the same quarter last year, the business earned $2.21 earnings per share. On average, research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared 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. This represents a $4.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.06%.

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.