JB Capital LLC Invests $2.66 Million in Cullen/Frost Bankers, Inc. $CFR

Key Points

• JB Capital LLC invested approximately $2.66 million in Cullen/Frost Bankers, acquiring 20,707 shares during the 2nd quarter.
• Analysts have varying opinions on Cullen/Frost's stock, with target price adjustments ranging from $137.00 to $145.00, indicating a mostly "hold" consensus among analysts.
• Cullen/Frost Bankers declared a quarterly dividend of $1.00 per share, translating to an annualized yield of 3.1%.

JB Capital LLC purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,707 shares of the bank's stock, valued at approximately $2,662,000.

Several other large investors have also added to or reduced their stakes in the business. Cardinal Capital Management lifted its position in Cullen/Frost Bankers by 0.5% in the 2nd quarter. Cardinal Capital Management now owns 17,824 shares of the bank's stock valued at $2,291,000 after acquiring an additional 81 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its position in Cullen/Frost Bankers by 4.0% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank's stock valued at $271,000 after acquiring an additional 84 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Cullen/Frost Bankers by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the bank's stock valued at $2,327,000 after acquiring an additional 100 shares in the last quarter. HB Wealth Management LLC lifted its position in Cullen/Frost Bankers by 5.7% in the 1st quarter. HB Wealth Management LLC now owns 1,897 shares of the bank's stock valued at $238,000 after acquiring an additional 102 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock valued at $46,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an "in-line" rating in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cullen/Frost Bankers in a research report on Wednesday. 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 research report on Friday, August 1st. Cantor Fitzgerald assumed coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, September 10th. They set a "neutral" rating and a $138.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "underweight" rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $137.31.

Cullen/Frost Bankers Stock Up 0.2%

Cullen/Frost Bankers stock opened at $127.78 on Friday. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $147.64. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 2.66 and a beta of 0.71. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $127.03 and a 200 day simple moving average of $125.91.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. The business had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. During the same period in the previous year, the business earned $2.21 EPS. On average, analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were 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 was Friday, August 29th. Cullen/Frost Bankers's payout ratio is currently 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.

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