Cullen/Frost Bankers, Inc. $CFR Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,600 shares of the bank’s stock after selling 1,500 shares during the period. Swiss National Bank’s holdings in Cullen/Frost Bankers were worth $14,988,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. lifted its position in Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after acquiring an additional 264 shares in the last quarter. eCIO Inc. purchased a new stake in shares of Cullen/Frost Bankers during the first quarter valued at approximately $36,000. Geneos Wealth Management Inc. lifted its position 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Cullen/Frost Bankers during the first quarter worth $57,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of Cullen/Frost Bankers in the first quarter valued at $58,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted 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, September 29th. Citigroup lifted their target price on Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. Royal Bank Of Canada boosted their price target on Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $136.75.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $124.79 on Thursday. The stock’s 50 day simple moving average is $124.67 and its 200 day simple moving average is $127.74. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $146.44. The firm has a market cap of $7.98 billion, a P/E ratio of 13.43, a P/E/G ratio of 2.94 and a beta of 0.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The business had revenue of $567.27 million for the quarter, compared to the consensus estimate of $565.54 million. During the same quarter last year, the business posted $2.24 EPS. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 41.15%.

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.