New Age Alpha Advisors LLC Has $1.49 Million Position in 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 boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 57.6% during 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Boston Trust Walden Corp raised its holdings in Cullen/Frost Bankers by 5.7% during 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 raised its holdings in Cullen/Frost Bankers by 0.6% during 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 raised its holdings in Cullen/Frost Bankers by 122,282.2% during 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 raised its holdings in Cullen/Frost Bankers by 33.7% during 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. raised its holdings in Cullen/Frost Bankers by 19.3% during 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. Institutional investors and hedge funds own 86.90% of the company's stock.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of research reports. Barclays dropped their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. 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, August 4th. Jefferies Financial Group assumed coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price target on the stock. Stephens increased their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $133.71.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR traded up $1.95 during midday trading on Tuesday, reaching $123.95. 86,873 shares of the company traded hands, compared to its average volume of 435,367. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $147.64. The firm has a market cap of $7.97 billion, a PE ratio of 13.32, a PEG ratio of 2.60 and a beta of 0.70. 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's 50-day simple moving average is $130.33 and its 200-day simple moving average is $127.88.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $567.83 million during the quarter, compared to analysts' expectations of $552.04 million. During the same period in the previous year, the business posted $2.21 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, August 29th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 43.06%.

About Cullen/Frost Bankers

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.