Donoghue Forlines LLC Lowers Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Donoghue Forlines LLC cut its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,803 shares of the bank’s stock after selling 390 shares during the quarter. Donoghue Forlines LLC’s holdings in Cullen/Frost Bankers were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CFR. Citigroup Inc. raised its position in shares of Cullen/Frost Bankers by 33.6% during the 3rd quarter. Citigroup Inc. now owns 58,890 shares of the bank’s stock valued at $5,371,000 after purchasing an additional 14,816 shares during the period. Sunbelt Securities Inc. increased its stake in Cullen/Frost Bankers by 367.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the bank’s stock worth $91,000 after buying an additional 786 shares in the last quarter. Fulton Bank N.A. increased its stake in Cullen/Frost Bankers by 14.4% in the 4th quarter. Fulton Bank N.A. now owns 4,369 shares of the bank’s stock worth $474,000 after buying an additional 549 shares in the last quarter. Diversified Trust Co increased its stake in Cullen/Frost Bankers by 42.0% in the 4th quarter. Diversified Trust Co now owns 14,835 shares of the bank’s stock worth $1,609,000 after buying an additional 4,391 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Cullen/Frost Bankers in the 4th quarter worth $222,000. Institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CFR. Royal Bank of Canada increased their price target on Cullen/Frost Bankers from $118.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lowered their price target on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. Evercore ISI lowered their price target on shares of Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. Truist Financial lowered their price target on shares of Cullen/Frost Bankers from $115.00 to $102.00 and set a “hold” rating for the company in a report on Monday, July 8th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of Cullen/Frost Bankers in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $113.77.

Cullen/Frost Bankers Trading Up 3.0 %

CFR traded up $3.23 during trading on Tuesday, hitting $110.74. 85,276 shares of the stock were exchanged, compared to its average volume of 417,661. The firm has a 50 day simple moving average of $101.27 and a 200 day simple moving average of $105.41. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.29 and a beta of 1.03. Cullen/Frost Bankers, Inc. has a 1 year low of $82.25 and a 1 year high of $120.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping the consensus estimate of $2.13 by $0.02. The company had revenue of $522.74 million for the quarter, compared to the consensus estimate of $510.09 million. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same period last year, the business posted $2.70 EPS. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.42 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $3.68 annualized dividend and a yield of 3.32%. Cullen/Frost Bankers’s payout ratio is currently 43.50%.

About Cullen/Frost Bankers

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.