Lido Advisors LLC Grows Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Lido Advisors LLC grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,153 shares of the bank's stock after acquiring an additional 11,341 shares during the quarter. Lido Advisors LLC owned about 0.21% of Cullen/Frost Bankers worth $18,279,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CFR. Northern Trust Corp grew its position in shares of Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock valued at $130,703,000 after purchasing an additional 245,458 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Cullen/Frost Bankers by 4.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 595,683 shares of the bank's stock valued at $79,970,000 after acquiring an additional 26,953 shares during the last quarter. Coldstream Capital Management Inc. increased its position in Cullen/Frost Bankers by 6.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,018 shares of the bank's stock worth $942,000 after purchasing an additional 409 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at approximately $230,000. Finally, Hancock Whitney Corp increased its holdings in shares of Cullen/Frost Bankers by 10.2% during the 4th quarter. Hancock Whitney Corp now owns 7,723 shares of the bank's stock worth $1,037,000 after buying an additional 717 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Trading Up 3.9 %

Shares of NYSE CFR traded up $4.74 on Friday, reaching $125.08. 550,290 shares of the company traded hands, compared to its average volume of 466,530. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $119.84 and a 200 day moving average of $131.00. The stock has a market capitalization of $8.04 billion, a PE ratio of 14.10, a P/E/G ratio of 6.46 and a beta of 0.82.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. The firm had revenue of $560.42 million during the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. During the same quarter in the previous year, the business earned $2.15 earnings per share. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.20%. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Friday, May 30th. Cullen/Frost Bankers's payout ratio is 42.84%.

Analysts Set New Price Targets

CFR has been the subject of a number of research analyst reports. Stephens increased their price objective on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Friday. Keefe, Bruyette & Woods boosted their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price for the company in a research report on Friday. Finally, Morgan Stanley reduced their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus target price of $132.14.

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.