5,077 Shares in Cullen/Frost Bankers, Inc. $CFR Purchased by FORA Capital LLC

Key Points

• FORA Capital LLC acquired 5,077 shares of Cullen/Frost Bankers, valued at approximately $636,000, during the first quarter.
• Cullen/Frost Bankers reported a Q2 earnings per share (EPS) of $2.39, exceeding analyst expectations by $0.11, with revenue of $567.83 million.
• The bank announced a quarterly dividend of $1.00 per share, which will be paid on September 15th, representing an annual yield of 3.0%.

FORA Capital LLC purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,077 shares of the bank's stock, valued at approximately $636,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp grew its position in 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 worth $139,282,000 after acquiring an additional 60,187 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cullen/Frost Bankers by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,057,294 shares of the bank's stock valued at $132,365,000 after acquiring an additional 30,709 shares during the last quarter. Northern Trust Corp raised its stake in Cullen/Frost Bankers by 8.0% in the first quarter. Northern Trust Corp now owns 1,051,168 shares of the bank's stock worth $131,606,000 after buying an additional 77,592 shares in the last quarter. GAMMA Investing LLC grew its holdings in Cullen/Frost Bankers by 122,282.2% in the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock worth $125,949,000 after purchasing an additional 1,005,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of 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 valued at $89,083,000 after buying an additional 114,910 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CFR shares. Raymond James Financial dropped 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. Barclays dropped 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, Jefferies Financial Group began coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 target price on the stock. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $133.71.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded down $1.98 on Monday, hitting $128.86. 422,497 shares of the stock traded hands, compared to its average volume of 497,033. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 2.71 and a beta of 0.74. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $147.64. The firm has a 50 day simple moving average of $130.86 and a two-hundred day simple moving average of $126.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, beating the consensus estimate 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 period last year, the firm earned $2.21 EPS. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business 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 3.1%. The ex-dividend date of this dividend is Friday, August 29th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 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.