Natixis Advisors LLC Raises Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Key Points

• Natixis Advisors LLC increased its stake in Cullen/Frost Bankers by 4.7%, owning about 0.45% of the company, valued at $36.2 million.
• Cullen/Frost Bankers reported earnings per share of $2.39 for the last quarter, surpassing expectations, with a revenue of $567.83 million.
• The bank announced a quarterly dividend of $1.00, translating to an annualized yield of 3.2% for shareholders.

Natixis Advisors LLC increased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 289,476 shares of the bank's stock after buying an additional 12,926 shares during the quarter. Natixis Advisors LLC owned about 0.45% of Cullen/Frost Bankers worth $36,242,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bayforest Capital Ltd bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at about $241,000. Vestcor Inc purchased a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at about $570,000. XTX Topco Ltd lifted its position in shares of Cullen/Frost Bankers by 106.3% during the 1st quarter. XTX Topco Ltd now owns 19,573 shares of the bank's stock valued at $2,451,000 after buying an additional 10,086 shares in the last quarter. TCTC Holdings LLC lifted its position in shares of Cullen/Frost Bankers by 5.5% during the 1st quarter. TCTC Holdings LLC now owns 230,270 shares of the bank's stock valued at $28,830,000 after buying an additional 11,950 shares in the last quarter. Finally, Norden Group LLC purchased a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at about $214,000. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFR. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective on the stock in a research report on Friday, May 2nd. Jefferies Financial Group initiated coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price target on the stock. Raymond James Financial lowered their price target on Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Monday. Royal Bank Of Canada lowered their price target 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. Finally, Stephens boosted their price target 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. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus target price of $133.71.

Cullen/Frost Bankers Trading Up 1.3%

Shares of NYSE CFR traded up $1.58 during trading hours on Monday, hitting $125.78. 94,352 shares of the company traded hands, compared to its average volume of 434,100. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 2.63 and a beta of 0.70. 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 company's 50 day moving average price is $130.84 and its 200 day moving average price is $128.63. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, beating 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 the consensus estimate of $552.04 million. During the same quarter in the previous year, the company posted $2.21 EPS. On average, equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, August 29th. Cullen/Frost Bankers's dividend 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.