Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,699 shares of the bank’s stock after selling 108 shares during the quarter. National Bank of Canada FI’s holdings in Cullen/Frost Bankers were worth $1,339,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Boston Trust Walden Corp grew its position in shares of Cullen/Frost Bankers by 5.7% in the first quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank’s stock valued at $139,282,000 after purchasing an additional 60,187 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cullen/Frost Bankers by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank’s stock valued at $137,823,000 after purchasing an additional 6,159 shares during the period. GAMMA Investing LLC boosted its position in Cullen/Frost Bankers by 122,282.2% during the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank’s stock worth $125,949,000 after acquiring an additional 1,005,160 shares during the last quarter. Northern Trust Corp boosted its position in Cullen/Frost Bankers by 33.7% during the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank’s stock worth $130,703,000 after acquiring an additional 245,458 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Cullen/Frost Bankers by 19.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 711,527 shares of the bank’s stock worth $89,083,000 after acquiring an additional 114,910 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

CFR has been the topic of a number of recent research reports. Stephens boosted their price target on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Barclays lowered their price target on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Raymond James Financial lowered their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada lowered their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Friday, May 2nd. Finally, Evercore ISI upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price target on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $133.71.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $124.62 on Friday. The company’s 50 day simple moving average is $130.15 and its 200-day simple moving average is $127.64. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 2.67 and a beta of 0.70. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year 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.

Cullen/Frost Bankers (NYSE:CFR) last released 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 business 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 period in the previous year, the firm earned $2.21 EPS. As a group, equities research analysts expect 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 will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Cullen/Frost Bankers’s dividend payout ratio is presently 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.