Teza Capital Management LLC Buys Shares of 10,281 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Teza Capital Management LLC bought a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,281 shares of the bank's stock, valued at approximately $1,380,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFR. Barclays PLC increased its stake in shares of Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after buying an additional 305,921 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Cullen/Frost Bankers by 167.8% in the third quarter. Franklin Resources Inc. now owns 7,507 shares of the bank's stock valued at $901,000 after buying an additional 4,704 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at $300,000. HB Wealth Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at $241,000. Finally, Jackson Square Capital LLC increased its stake in shares of Cullen/Frost Bankers by 47.9% in the fourth quarter. Jackson Square Capital LLC now owns 5,647 shares of the bank's stock valued at $758,000 after buying an additional 1,830 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the acquisition, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at approximately $93,876.85. This trade represents a 50.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.89% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Trading Down 0.4%

CFR traded down $0.49 during midday trading on Friday, reaching $126.60. 275,735 shares of the company were exchanged, compared to its average volume of 465,487. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The stock has a market capitalization of $8.14 billion, a P/E ratio of 14.27, a PEG ratio of 6.46 and a beta of 0.67. The stock's 50-day simple moving average is $119.67 and its 200 day simple moving average is $131.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The firm had revenue of $560.42 million for the quarter, compared to analysts' expectations of $540.57 million. During the same quarter last year, the business earned $2.15 earnings per share. As a group, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's payout ratio is 43.91%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CFR shares. Stephens raised their price target on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target on the stock in a report on Friday, May 2nd. Morgan Stanley decreased their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada decreased 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, Barclays raised their price target on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Three 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 company's stock. According to data from MarketBeat.com, Cullen/Frost Bankers has an average rating of "Hold" and a consensus target price of $131.93.

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.