OneDigital Investment Advisors LLC Purchases Shares of 3,353 Cullen/Frost Bankers, Inc. (NYSE:CFR)

OneDigital Investment Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,353 shares of the bank's stock, valued at approximately $450,000.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its position in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth $29,000. Blue Trust Inc. raised its holdings in Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after buying an additional 239 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Cullen/Frost Bankers by 35.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after buying an additional 120 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Cullen/Frost Bankers in the fourth quarter worth about $106,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CFR. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a report on Friday. Morgan Stanley reduced their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Barclays increased their price target 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. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised their target price 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and an average target price of $132.14.

Cullen/Frost Bankers Stock Up 3.9 %

Shares of CFR traded up $4.74 during mid-day trading on Friday, hitting $125.08. 550,290 shares of the company's stock were exchanged, compared to its average volume of 465,452. 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, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a market cap of $8.04 billion, a PE ratio of 14.10, a P/E/G ratio of 6.46 and a beta of 0.67. The company has a 50-day simple moving average of $119.84 and a 200 day simple moving average of $131.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $540.57 million. During the same period in the previous year, the business earned $2.15 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, May 30th. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a yield of 3.20%. Cullen/Frost Bankers's dividend payout ratio is 41.71%.

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.