Versor Investments LP Purchases New Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Versor Investments LP bought a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,000 shares of the bank’s stock, valued at approximately $537,000.

Several other hedge funds have also made changes to their positions in CFR. Tidal Investments LLC grew its stake in shares of Cullen/Frost Bankers by 30.3% in the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock worth $2,091,000 after purchasing an additional 4,348 shares in the last quarter. Pathstone Holdings LLC raised its position in Cullen/Frost Bankers by 45.0% during the third quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock valued at $2,156,000 after buying an additional 5,981 shares during the period. Barclays PLC boosted its stake in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after buying an additional 305,921 shares during the period. Hancock Whitney Corp acquired a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at about $784,000. Finally, Entropy Technologies LP acquired a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at $389,000. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.4 %

Shares of Cullen/Frost Bankers stock opened at $136.96 on Friday. The stock has a market capitalization of $8.80 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 6.46 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The stock has a 50 day moving average price of $138.66 and a two-hundred day moving average price of $128.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.77%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company’s stock, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price 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. Citigroup increased their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Compass Point upped their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI increased their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $132.54.

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.