Thrivent Financial For Lutherans Has $1.08 Million Position in Cullen/Frost Bankers, Inc. (CFR)
Thrivent Financial For Lutherans increased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,510 shares of the bank’s stock after acquiring an additional 760 shares during the period. Thrivent Financial For Lutherans’ holdings in Cullen/Frost Bankers were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Invictus RG bought a new stake in Cullen/Frost Bankers during the 1st quarter worth approximately $109,000. Fiduciary Trust Co. bought a new stake in Cullen/Frost Bankers during the 2nd quarter worth approximately $136,000. Mosaic Family Wealth LLC increased its holdings in Cullen/Frost Bankers by 4.9% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,718 shares of the bank’s stock worth $161,000 after acquiring an additional 80 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in Cullen/Frost Bankers by 6.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 1,791 shares of the bank’s stock worth $168,000 after acquiring an additional 107 shares during the period. Finally, Denver Investment Advisors LLC bought a new stake in Cullen/Frost Bankers during the 2nd quarter worth approximately $200,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cullen/Frost Bankers, Inc. (CFR) opened at 94.89 on Friday. The stock has a 50 day moving average of $88.43 and a 200-day moving average of $91.09. The stock has a market cap of $6.09 billion, a PE ratio of 18.69 and a beta of 1.35. Cullen/Frost Bankers, Inc. has a 52 week low of $69.86 and a 52 week high of $99.20.
Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.29. The firm had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $316.40 million. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. During the same quarter last year, the business posted $1.11 earnings per share. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post $5.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is currently 44.79%.
CFR has been the topic of a number of analyst reports. ValuEngine lowered shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Piper Jaffray Companies reissued a “hold” rating and issued a $96.50 price target on shares of Cullen/Frost Bankers in a research note on Friday, September 1st. Zacks Investment Research cut shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. BidaskClub cut shares of Cullen/Frost Bankers from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $95.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $95.13.
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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