Lawson Kroeker Investment Management Inc. NE Increases Stock Position in Cullen/Frost Bankers, Inc. $CFR

Lawson Kroeker Investment Management Inc. NE raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.8% in the second quarter, Holdings Channel.com reports. The fund owned 53,970 shares of the bank’s stock after purchasing an additional 440 shares during the period. Cullen/Frost Bankers makes up approximately 1.3% of Lawson Kroeker Investment Management Inc. NE’s investment portfolio, making the stock its 25th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Cullen/Frost Bankers were worth $6,937,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CFR. Bayforest Capital Ltd acquired a new stake in Cullen/Frost Bankers in the 1st quarter valued at approximately $241,000. State of Alaska Department of Revenue boosted its position in shares of Cullen/Frost Bankers by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 7,524 shares of the bank’s stock worth $942,000 after buying an additional 210 shares during the period. Victory Capital Management Inc. grew its stake in shares of Cullen/Frost Bankers by 55.9% in the first quarter. Victory Capital Management Inc. now owns 18,084 shares of the bank’s stock valued at $2,264,000 after buying an additional 6,484 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Cullen/Frost Bankers in the 1st quarter valued at $214,000. Finally, UMB Bank n.a. raised its holdings in shares of Cullen/Frost Bankers by 59.6% in the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock valued at $49,000 after buying an additional 146 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CFR has been the subject of several research reports. Barclays dropped their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Morgan Stanley lifted their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Royal Bank Of Canada upped their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday. Cantor Fitzgerald assumed coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 price target for the company. Finally, Raymond James Financial dropped their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.62.

Cullen/Frost Bankers Stock Down 4.0%

Shares of NYSE:CFR opened at $122.70 on Friday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $147.64. The firm’s 50 day moving average price is $127.00 and its 200 day moving average price is $125.90. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 2.57 and a beta of 0.71.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. The company had revenue of $567.83 million for the quarter, compared to the consensus estimate of $552.04 million. During the same period in the prior year, the firm posted $2.21 EPS. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, August 29th. Cullen/Frost Bankers’s dividend payout ratio is 43.06%.

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.