New Age Alpha Advisors LLC Acquires 4,350 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Key Points

• New Age Alpha Advisors LLC increased its holdings in Cullen/Frost Bankers, Inc. by 57.6%, acquiring an additional 4,350 shares in the first quarter, bringing its total to 11,899 shares worth approximately $1.49 million.
• Cullen/Frost Bankers reported a quarterly EPS of $2.39, beating expectations by $0.11, and had revenues of $567.83 million, surpassing analysts' estimates of $552.04 million.
• The bank's upcoming quarterly dividend of $1.00 per share reflects a 3.3% dividend yield with a payout ratio of 43.06%.

New Age Alpha Advisors LLC increased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 57.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,899 shares of the bank's stock after buying an additional 4,350 shares during the period. New Age Alpha Advisors LLC's holdings in Cullen/Frost Bankers were worth $1,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Trust Walden Corp boosted its holdings in Cullen/Frost Bankers by 5.7% in the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock worth $139,282,000 after buying an additional 60,187 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cullen/Frost Bankers by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock worth $137,823,000 after buying an additional 6,159 shares during the period. GAMMA Investing LLC boosted its holdings in Cullen/Frost Bankers by 122,282.2% in the 1st quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock worth $125,949,000 after buying an additional 1,005,160 shares during the period. Northern Trust Corp boosted its holdings in Cullen/Frost Bankers by 33.7% in the 4th quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock worth $130,703,000 after buying an additional 245,458 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Cullen/Frost Bankers by 19.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 711,527 shares of the bank's stock worth $89,083,000 after buying an additional 114,910 shares during the period. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $122.10 on Friday. The firm's fifty day moving average price is $130.49 and its 200-day moving average price is $128.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $7.85 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 2.61 and a beta of 0.70. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $567.83 million for the quarter, compared to analysts' expectations 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 quarter last year, the company posted $2.21 EPS. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.3%. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.06%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CFR shares. Raymond James Financial cut their price objective on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a report on Friday, May 2nd. Royal Bank Of Canada cut their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Stephens raised their price target on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $133.71.

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.

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