UMB Bank n.a. Has $98,000 Position in Cullen/Frost Bankers, Inc. $CFR

UMB Bank n.a. lifted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 94.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 761 shares of the bank’s stock after purchasing an additional 370 shares during the quarter. UMB Bank n.a.’s holdings in Cullen/Frost Bankers were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bayforest Capital Ltd bought a new stake in shares of Cullen/Frost Bankers during the first quarter worth $241,000. State of Alaska Department of Revenue grew its position in Cullen/Frost Bankers by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 7,524 shares of the bank’s stock worth $942,000 after acquiring an additional 210 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Cullen/Frost Bankers by 55.9% in the 1st quarter. Victory Capital Management Inc. now owns 18,084 shares of the bank’s stock worth $2,264,000 after purchasing an additional 6,484 shares in the last quarter. Norden Group LLC bought a new position in Cullen/Frost Bankers in the first quarter valued at about $214,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Cullen/Frost Bankers in the first quarter valued at about $305,000. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CFR. Raymond James Financial reduced their price target on Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Barclays reduced 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. Finally, Cantor Fitzgerald initiated coverage on shares of Cullen/Frost Bankers in a report on Wednesday, September 10th. They set a “neutral” rating and a $138.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $135.69.

Cullen/Frost Bankers Stock Up 0.1%

Shares of NYSE CFR opened at $125.57 on Thursday. Cullen/Frost Bankers, Inc. has a 52-week low of $100.31 and a 52-week high of $147.64. 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 company’s 50 day moving average price is $128.87 and its 200-day moving average price is $125.62. The company has a market capitalization of $8.08 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.11. The business had revenue of $567.83 million during the quarter, compared to the consensus estimate 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 firm earned $2.21 earnings per share. Equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 3.2%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.06%.

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.