Ceredex Value Advisors LLC Buys 15,300 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Ceredex Value Advisors LLC grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 14.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,462 shares of the bank's stock after acquiring an additional 15,300 shares during the quarter. Ceredex Value Advisors LLC owned 0.19% of Cullen/Frost Bankers worth $13,922,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CFR. Tidal Investments LLC increased its stake in Cullen/Frost Bankers by 125.2% in the first quarter. Tidal Investments LLC now owns 11,888 shares of the bank's stock valued at $1,338,000 after acquiring an additional 6,610 shares during the period. Natixis bought a new stake in shares of Cullen/Frost Bankers in the 1st quarter valued at approximately $957,000. Norden Group LLC acquired a new position in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $1,062,000. American Century Companies Inc. lifted its position in shares of Cullen/Frost Bankers by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 68,296 shares of the bank's stock worth $6,941,000 after buying an additional 7,236 shares during the period. Finally, Raymond James & Associates boosted its stake in Cullen/Frost Bankers by 10.0% in the 3rd quarter. Raymond James & Associates now owns 119,447 shares of the bank's stock valued at $13,361,000 after buying an additional 10,884 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Citigroup dropped their price objective on Cullen/Frost Bankers from $107.00 to $104.00 and set a "sell" rating for the company in a research note on Monday, September 30th. Stephens increased their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Friday. Royal Bank of Canada lifted their price target on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a "sector perform" rating in a report on Friday. Wedbush dropped 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. Finally, Evercore ISI reduced their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating on the stock in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $123.31.

Cullen/Frost Bankers Trading Down 1.1 %

Cullen/Frost Bankers stock traded down $1.37 during mid-day trading on Friday, hitting $125.98. The stock had a trading volume of 637,622 shares, compared to its average volume of 536,240. The stock has a 50-day simple moving average of $115.61 and a two-hundred day simple moving average of $109.01. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $8.07 billion, a PE ratio of 15.63, a P/E/G ratio of 1.56 and a beta of 0.98. Cullen/Frost Bankers, Inc. has a 12 month low of $90.94 and a 12 month high of $135.00.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. The business had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. Cullen/Frost Bankers had a return on equity of 16.34% and a net margin of 23.98%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $2.38 EPS. As a group, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.57 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced 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 3.02%. Cullen/Frost Bankers's payout ratio is 47.15%.

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.