First Trust Advisors LP Purchases 32,203 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

First Trust Advisors LP lifted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 28.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,614 shares of the bank's stock after buying an additional 32,203 shares during the quarter. First Trust Advisors LP owned approximately 0.22% of Cullen/Frost Bankers worth $19,280,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Forum Financial Management LP purchased a new stake in Cullen/Frost Bankers in the fourth quarter worth about $298,000. Commerce Bank increased its position in Cullen/Frost Bankers by 0.9% during the 4th quarter. Commerce Bank now owns 12,536 shares of the bank's stock valued at $1,683,000 after buying an additional 116 shares in the last quarter. Alpha DNA Investment Management LLC raised its stake in Cullen/Frost Bankers by 6.6% during the fourth quarter. Alpha DNA Investment Management LLC now owns 6,738 shares of the bank's stock valued at $905,000 after buying an additional 416 shares during the last quarter. NewEdge Advisors LLC raised its stake in Cullen/Frost Bankers by 690.1% during the fourth quarter. NewEdge Advisors LLC now owns 2,797 shares of the bank's stock valued at $376,000 after buying an additional 2,443 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in Cullen/Frost Bankers by 163.4% in the fourth quarter. Jump Financial LLC now owns 15,564 shares of the bank's stock worth $2,089,000 after acquiring an additional 9,655 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CFR has been the subject of several analyst reports. Morgan Stanley reduced their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their price objective for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Barclays increased their price objective on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price on the stock in a report on Friday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and an average price target of $132.07.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR traded up $4.10 during trading on Friday, hitting $124.44. 139,677 shares of the company's stock were exchanged, compared to its average volume of 492,500. The business's 50-day simple moving average is $120.07 and its 200 day simple moving average is $130.98. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. 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 posted $2.15 earnings per share. As a group, equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

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.