Natixis Advisors LLC Increases Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Natixis Advisors LLC increased its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 300.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 223,655 shares of the bank's stock after buying an additional 167,828 shares during the period. Natixis Advisors LLC owned 0.35% of Cullen/Frost Bankers worth $25,018,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in Cullen/Frost Bankers by 125.2% during the first quarter. Tidal Investments LLC now owns 11,888 shares of the bank's stock worth $1,338,000 after purchasing an additional 6,610 shares during the period. Natixis bought a new stake in shares of Cullen/Frost Bankers in the first quarter valued at approximately $957,000. American Century Companies Inc. boosted its position in shares of Cullen/Frost Bankers by 11.9% in the second quarter. American Century Companies Inc. now owns 68,296 shares of the bank's stock valued at $6,941,000 after acquiring an additional 7,236 shares during the period. Raymond James & Associates raised its stake in shares of Cullen/Frost Bankers by 10.0% in the third quarter. Raymond James & Associates now owns 119,447 shares of the bank's stock valued at $13,361,000 after purchasing an additional 10,884 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of Cullen/Frost Bankers by 7,109.7% in the second quarter. Strategic Financial Concepts LLC now owns 250,896 shares of the bank's stock valued at $255,000 after purchasing an additional 247,416 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Trading Up 0.0 %

CFR traded up $0.02 during trading on Tuesday, hitting $138.50. The company's stock had a trading volume of 72,727 shares, compared to its average volume of 455,721. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $144.89. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. The stock's fifty day moving average price is $120.88 and its 200-day moving average price is $110.97. The firm has a market capitalization of $8.88 billion, a P/E ratio of 17.19, a PEG ratio of 1.68 and a beta of 0.98.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. During the same period in the prior year, the firm earned $2.38 earnings per share. Cullen/Frost Bankers's revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.71 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.80 dividend on an annualized basis and a yield of 2.74%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 47.15%.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the transaction, the executive vice president now owns 2,888 shares in the company, valued at $399,525.92. This trade represents a 58.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were 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 directly owns 26,661 shares in the company, valued at approximately $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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. DA Davidson increased their price objective on Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Royal Bank of Canada raised their target price on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a "sector perform" rating in a research note on Friday, November 1st. Evercore ISI lowered their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating for the company in a research note on Wednesday, October 2nd. Truist Financial lowered their target price on Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, September 20th. Finally, Compass Point raised their target price on Cullen/Frost Bankers from $111.00 to $122.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of "Hold" and an average target price of $123.86.

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.