Cullen/Frost Bankers, Inc. (CFR) Stake Boosted by Texas Permanent School Fund

Texas Permanent School Fund grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,211 shares of the bank’s stock after purchasing an additional 2,741 shares during the period. Texas Permanent School Fund’s holdings in Cullen/Frost Bankers were worth $4,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Cullen/Frost Bankers by 70.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,241 shares of the bank’s stock valued at $134,000 after purchasing an additional 511 shares during the last quarter. First Hawaiian Bank bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $158,000. Macquarie Group Ltd. bought a new position in shares of Cullen/Frost Bankers in the 2nd quarter valued at $184,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Cullen/Frost Bankers in the 2nd quarter valued at $197,000. Finally, Huntington National Bank increased its stake in shares of Cullen/Frost Bankers by 322.6% in the 2nd quarter. Huntington National Bank now owns 1,834 shares of the bank’s stock valued at $199,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

NYSE CFR opened at $93.17 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.63 and a current ratio of 0.63. Cullen/Frost Bankers, Inc. has a twelve month low of $90.02 and a twelve month high of $121.66. The firm has a market cap of $5.96 billion, a P/E ratio of 17.10, a PEG ratio of 1.44 and a beta of 1.33.



Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, October 25th. The bank reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.06. Cullen/Frost Bankers had a return on equity of 13.74% and a net margin of 32.11%. The company had revenue of $353.34 million for the quarter, compared to the consensus estimate of $337.41 million. During the same quarter last year, the business posted $1.41 EPS. On average, analysts forecast that Cullen/Frost Bankers, Inc. will post 6.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, November 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 49.17%.

Several equities analysts have recently issued reports on the company. ValuEngine lowered Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research downgraded Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Morgan Stanley reissued a “hold” rating and set a $115.00 price objective on shares of Cullen/Frost Bankers in a report on Tuesday, September 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $118.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $117.60.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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