GW&K Investment Management LLC Boosts Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

GW&K Investment Management LLC increased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,437 shares of the bank's stock after buying an additional 2,599 shares during the quarter. GW&K Investment Management LLC owned 0.55% of Cullen/Frost Bankers worth $43,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in shares of Cullen/Frost Bankers in the 1st quarter valued at $30,000. UMB Bank n.a. increased its stake in shares of Cullen/Frost Bankers by 59.6% in the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after buying an additional 146 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Cullen/Frost Bankers by 35.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after buying an additional 120 shares during the period. Parallel Advisors LLC increased its stake in shares of Cullen/Frost Bankers by 33.8% in the 1st quarter. Parallel Advisors LLC now owns 522 shares of the bank's stock valued at $65,000 after buying an additional 132 shares during the period. Finally, Reyes Financial Architecture Inc. increased its stake in shares of Cullen/Frost Bankers by 38.5% in the 1st quarter. Reyes Financial Architecture Inc. now owns 1,273 shares of the bank's stock valued at $159,000 after buying an additional 354 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson purchased 1,870 shares of the business's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the transaction, the chief accounting officer directly owned 5,545 shares in the company, valued at approximately $93,876.85. This represents a 50.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Raymond James Financial raised Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research note on Tuesday, July 8th. Stephens lifted their target price on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Royal Bank Of Canada reduced their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Barclays lifted their target price on Cullen/Frost Bankers from $135.00 to $155.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers has an average rating of "Hold" and a consensus target price of $134.79.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock traded down $1.43 during mid-day trading on Monday, reaching $137.31. The company's stock had a trading volume of 191,282 shares, compared to its average volume of 441,961. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $147.64. The company has a market capitalization of $8.83 billion, a P/E ratio of 15.07, a PEG ratio of 2.94 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The firm's fifty day moving average price is $129.98 and its two-hundred day moving average price is $128.81.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. The firm had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. During the same period in the previous year, the business earned $2.15 EPS. Sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $1.00 per share. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, May 30th. Cullen/Frost Bankers's payout ratio is 43.91%.

Cullen/Frost Bankers Company 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.