GAMMA Investing LLC Increases Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

GAMMA Investing LLC boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 18.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 678 shares of the bank’s stock after purchasing an additional 106 shares during the period. GAMMA Investing LLC’s holdings in Cullen/Frost Bankers were worth $76,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. CWM LLC lifted its stake in shares of Cullen/Frost Bankers by 46.5% in the 1st quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after acquiring an additional 106 shares during the period. Whittier Trust Co. raised its stake in shares of Cullen/Frost Bankers by 90.7% during the 1st quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after buying an additional 186 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Cullen/Frost Bankers in the second quarter valued at approximately $54,000. North Star Investment Management Corp. purchased a new stake in shares of Cullen/Frost Bankers in the first quarter valued at approximately $69,000. Finally, Eagle Bay Advisors LLC grew its holdings in Cullen/Frost Bankers by 1,625.6% during the second quarter. Eagle Bay Advisors LLC now owns 742 shares of the bank’s stock worth $75,000 after acquiring an additional 699 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a research report on Monday, September 30th. Citigroup cut their price target on Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a research note on Monday, September 30th. Royal Bank of Canada increased their price target on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Stephens upped their target price on Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group reduced their price objective on Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average target price of $121.31.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the transaction, the executive vice president now directly owns 1,598 shares of the company’s stock, valued at $190,481.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cullen/Frost Bankers news, EVP Candace K. Wolfshohl sold 5,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $119.65, for a total transaction of $598,250.00. Following the sale, the executive vice president now directly owns 18,753 shares of the company’s stock, valued at approximately $2,243,796.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Howard L. Kasanoff sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the transaction, the executive vice president now owns 1,598 shares in the company, valued at approximately $190,481.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Trading Up 1.0 %

NYSE CFR opened at $121.21 on Wednesday. The stock has a market cap of $7.79 billion, a P/E ratio of 14.31, a PEG ratio of 1.42 and a beta of 1.00. The company’s fifty day simple moving average is $110.49 and its 200-day simple moving average is $107.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 52 week low of $82.25 and a 52 week high of $124.31.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.14. The firm had revenue of $528.81 million for the quarter, compared to analyst estimates of $506.83 million. Cullen/Frost Bankers had a net margin of 19.51% and a return on equity of 17.43%. During the same quarter in the previous year, the business posted $2.47 EPS. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.59 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. This represents a $3.80 annualized dividend and a yield of 3.14%. Cullen/Frost Bankers’s payout ratio is currently 44.92%.

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.