Curi RMB Capital LLC Acquires Shares of 2,598 Cullen/Frost Bankers, Inc. $CFR

Key Points

• Curi RMB Capital LLC acquired a new stake in Cullen/Frost Bankers, purchasing 2,598 shares valued at approximately $325,000 during the first quarter.
• Cullen/Frost Bankers reported $2.39 earnings per share (EPS) for the latest quarter, exceeding analysts' expectations of $2.28, driven by revenue of $567.83 million.
• The company will pay a $1.00 quarterly dividend on September 15th, representing an annualized yield of 3.1% and reflecting a dividend payout ratio of 43.06%.

Curi RMB Capital LLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,598 shares of the bank's stock, valued at approximately $325,000.

Several other large investors also recently bought and sold shares of CFR. Alpine Bank Wealth Management purchased a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at approximately $30,000. UMB Bank n.a. grew its position in shares of Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock worth $49,000 after buying an additional 146 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Cullen/Frost Bankers during the first quarter worth approximately $57,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Cullen/Frost Bankers during the first quarter worth approximately $58,000. Finally, Parallel Advisors LLC grew its position in shares of Cullen/Frost Bankers by 33.8% during the first quarter. Parallel Advisors LLC now owns 522 shares of the bank's stock worth $65,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $128.11 on Friday. The business's fifty day moving average price is $131.00 and its 200 day moving average price is $126.27. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $147.64. The stock has a market capitalization of $8.24 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The firm had revenue of $567.83 million for the quarter, compared to analysts' expectations of $552.04 million. During the same period last year, the business posted $2.21 earnings per share. Equities research analysts forecast 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, September 15th. Shareholders of record on Friday, August 29th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, August 29th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 43.06%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CFR shares. Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price target for the company. Barclays decreased their price target on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, Raymond James Financial decreased their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $133.71.

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.

Want to see what other hedge funds are holding CFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.