First Dallas Securities Inc. Has $421,000 Position in Cullen/Frost Bankers, Inc. $CFR

First Dallas Securities Inc. trimmed its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,278 shares of the bank’s stock after selling 600 shares during the quarter. First Dallas Securities Inc.’s holdings in Cullen/Frost Bankers were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in shares of Cullen/Frost Bankers by 30.5% during the 2nd quarter. ProShare Advisors LLC now owns 287,750 shares of the bank’s stock worth $36,987,000 after buying an additional 67,179 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cullen/Frost Bankers in the second quarter worth $441,000. Princeton Capital Management LLC acquired a new stake in Cullen/Frost Bankers in the second quarter worth $257,000. EFG Asset Management North America Corp. bought a new stake in Cullen/Frost Bankers in the second quarter valued at $2,515,000. Finally, State of Michigan Retirement System raised its holdings in shares of Cullen/Frost Bankers by 0.7% during the second quarter. State of Michigan Retirement System now owns 15,464 shares of the bank’s stock valued at $1,988,000 after purchasing an additional 100 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 1.5%

NYSE CFR opened at $125.64 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $125.98 and a 200 day simple moving average of $127.57. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $147.64. The firm has a market capitalization of $8.03 billion, a P/E ratio of 13.52, a PEG ratio of 2.94 and a beta of 0.74.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.29. The firm had revenue of $589.31 million during the quarter, compared to analyst estimates of $565.54 million. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. During the same quarter in the prior year, the business posted $2.24 EPS. On average, analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $1.00 dividend. The ex-dividend date is Friday, November 28th. This represents a $4.00 annualized dividend and a yield of 3.2%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 41.15%.

Analyst Ratings Changes

CFR has been the subject of several research reports. Morgan Stanley raised their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Barclays reduced their price objective on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Citigroup upped their target price on Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a research report on Friday, October 10th. Finally, Cantor Fitzgerald began coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, September 10th. They set a “neutral” rating and a $138.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $136.75.

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.