NewEdge Advisors LLC Boosts Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

NewEdge Advisors LLC lifted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 690.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,797 shares of the bank's stock after purchasing an additional 2,443 shares during the quarter. NewEdge Advisors LLC's holdings in Cullen/Frost Bankers were worth $376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CFR. Jump Financial LLC raised its position in shares of 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 during the period. LaSalle St. Investment Advisors LLC grew its stake in Cullen/Frost Bankers by 13.2% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 2,081 shares of the bank's stock valued at $279,000 after acquiring an additional 242 shares during the period. XTX Topco Ltd acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $1,274,000. Mariner LLC lifted its position in shares of Cullen/Frost Bankers by 35.8% in the fourth quarter. Mariner LLC now owns 11,888 shares of the bank's stock valued at $1,596,000 after acquiring an additional 3,135 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Cullen/Frost Bankers by 55.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,485 shares of the bank's stock worth $468,000 after buying an additional 1,242 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of analyst reports. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective on the stock in a research report on Friday. Barclays lifted their target price on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Stephens upped their price target on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, DA Davidson downgraded shares of 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $132.14.

Cullen/Frost Bankers Stock Performance

CFR stock traded down $1.19 on Monday, hitting $124.04. The company's stock had a trading volume of 69,112 shares, compared to its average volume of 463,907. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year 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 stock has a market cap of $7.97 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. The firm has a 50 day moving average of $119.84 and a two-hundred day moving average of $131.11.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly 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. The firm had revenue of $560.42 million for the quarter, compared to analyst estimates 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 last year, the company posted $2.15 earnings per share. Equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a dividend yield of 3.22%. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 41.71%.

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.