Dimensional Fund Advisors LP Grows Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Dimensional Fund Advisors LP boosted its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 953,098 shares of the bank’s stock after buying an additional 120,333 shares during the period. Dimensional Fund Advisors LP owned approximately 1.49% of Cullen/Frost Bankers worth $96,856,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Cullen/Frost Bankers by 7.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,473 shares of the bank’s stock valued at $150,000 after acquiring an additional 97 shares during the period. First National Bank of Hutchinson lifted its stake in Cullen/Frost Bankers by 1.6% during the first quarter. First National Bank of Hutchinson now owns 6,336 shares of the bank’s stock worth $713,000 after purchasing an additional 102 shares in the last quarter. CWM LLC boosted its position in shares of Cullen/Frost Bankers by 46.5% during the first quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after buying an additional 106 shares during the period. Commerce Bank grew its stake in shares of Cullen/Frost Bankers by 1.0% in the fourth quarter. Commerce Bank now owns 13,047 shares of the bank’s stock valued at $1,415,000 after buying an additional 128 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Cullen/Frost Bankers by 6.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,333 shares of the bank’s stock valued at $237,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Down 0.0 %

CFR opened at $112.51 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a one year low of $82.25 and a one year high of $123.17. The company has a market cap of $7.23 billion, a P/E ratio of 13.30, a PEG ratio of 1.35 and a beta of 1.00. The business’s 50-day simple moving average is $110.90 and its 200-day simple moving average is $106.90.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. The company 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 period in the prior year, the firm posted $2.47 earnings per share. As a group, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.62 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. This represents a $3.80 dividend on an annualized basis and a yield of 3.38%. Cullen/Frost Bankers’s payout ratio is 44.92%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Howard L. Kasanoff sold 3,000 shares of Cullen/Frost Bankers 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 sale, the executive vice president now owns 1,598 shares in the company, valued at $190,481.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 completion of the sale, the executive vice president now owns 18,753 shares in the company, valued at approximately $2,243,796.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Howard L. Kasanoff sold 3,000 shares of Cullen/Frost Bankers 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 owns 1,598 shares in the company, valued at $190,481.60. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

CFR has been the subject of a number of research analyst reports. Maxim Group raised their target price on Cullen/Frost Bankers from $132.00 to $138.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price objective on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Morgan Stanley downgraded shares of Cullen/Frost Bankers from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $112.00 to $121.00 in a research note on Monday, August 5th. Jefferies Financial Group decreased their price target on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Finally, Evercore ISI cut their price objective on Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average price target of $119.64.

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.