Wealth Enhancement Advisory Services LLC Buys 140 Shares of Cullen/Frost Bankers, Inc. $CFR

Wealth Enhancement Advisory Services LLC raised its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,607 shares of the bank’s stock after acquiring an additional 140 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cullen/Frost Bankers were worth $1,445,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Cullen/Frost Bankers in the 1st quarter valued at about $30,000. eCIO Inc. bought a new position in shares of Cullen/Frost Bankers during the first quarter worth approximately $36,000. Geneos Wealth Management Inc. increased its holdings in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares during the period. 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. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cullen/Frost Bankers during the first quarter worth approximately $57,000. 86.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a report on Thursday, September 25th. Raymond James Financial lowered their target price on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Cantor Fitzgerald assumed coverage on shares of Cullen/Frost Bankers in a report on Wednesday, September 10th. They set a “neutral” rating and a $138.00 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. Finally, Morgan Stanley increased their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $137.31.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $126.67 on Wednesday. The firm has a market cap of $8.15 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. The firm’s fifty day moving average is $128.04 and its 200-day moving average is $125.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly 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. 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 in the previous year, the business earned $2.21 earnings per share. Sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

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

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.