Natixis Advisors LLC Purchases 167,828 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Natixis Advisors LLC grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 300.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 223,655 shares of the bank’s stock after buying an additional 167,828 shares during the period. Natixis Advisors LLC’s holdings in Cullen/Frost Bankers were worth $25,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Keene & Associates Inc. boosted its holdings in Cullen/Frost Bankers by 1.7% in the third quarter. Keene & Associates Inc. now owns 5,240 shares of the bank’s stock worth $586,000 after acquiring an additional 89 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Cullen/Frost Bankers by 7.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,473 shares of the bank’s stock valued at $150,000 after purchasing an additional 97 shares during the last quarter. Asset Dedication LLC increased its stake in Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after purchasing an additional 105 shares in the last quarter. GAMMA Investing LLC increased its stake in Cullen/Frost Bankers by 18.5% during the 3rd quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock valued at $76,000 after purchasing an additional 106 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in 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 worth $237,000 after buying an additional 137 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, November 8th. The shares were sold at an average price of $138.34, for a total transaction of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares in the company, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bobby Berman sold 3,506 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the sale, the executive vice president now owns 26,661 shares of the company’s stock, valued at $3,367,550.91. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Stock Down 0.5 %

Shares of CFR stock opened at $138.52 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $144.89. The stock has a market cap of $8.88 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.68 and a beta of 0.98. The company has a 50 day simple moving average of $120.88 and a two-hundred day simple moving average of $110.97.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The firm had revenue of $518.04 million during the quarter, compared to analyst estimates of $517.25 million. During the same period in the prior year, the business posted $2.38 EPS. Cullen/Frost Bankers’s revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that Cullen/Frost Bankers, Inc. will post 8.71 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.74%. Cullen/Frost Bankers’s payout ratio is currently 47.15%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CFR shares. Wedbush decreased their price objective on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Maxim Group upped their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial dropped their price objective on Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Royal Bank of Canada boosted their target price on Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Finally, Stephens raised their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.86.

Cullen/Frost Bankers Company 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.