Public Employees Retirement System of Ohio Purchases 2,473 Shares of Cullen/Frost Bankers, Inc. $CFR

Public Employees Retirement System of Ohio boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 13.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,241 shares of the bank’s stock after buying an additional 2,473 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Cullen/Frost Bankers were worth $2,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CFR. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cullen/Frost Bankers by 205.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,844 shares of the bank’s stock valued at $1,993,000 after purchasing an additional 9,977 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of 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 in the last quarter. Fulton Bank N.A. boosted its stake in shares of Cullen/Frost Bankers by 2.6% during the 1st quarter. Fulton Bank N.A. now owns 5,012 shares of the bank’s stock valued at $628,000 after purchasing an additional 126 shares in the last quarter. Sendero Wealth Management LLC bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at about $1,686,000. Finally, Vest Financial LLC bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at about $3,392,000. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $125.64 on Thursday. The firm’s 50-day moving average price is $127.81 and its 200-day moving average price is $125.77. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The company has a market cap of $8.08 billion, a PE ratio of 13.52, a PEG ratio of 2.66 and a beta of 0.71. 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 announced its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.11. The firm had revenue of $567.83 million for 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 posted $2.21 EPS. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business 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 of this dividend was Friday, August 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 43.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Thursday, September 25th. Evercore ISI lifted their target price on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research note on Tuesday. Barclays cut 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 research note on Friday, August 1st. 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 note on Monday. Finally, Cantor Fitzgerald began coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 price target for the company. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $137.31.

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.