Versor Investments LP Makes New $537,000 Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Versor Investments LP acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,000 shares of the bank's stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also bought and sold shares of CFR. Allworth Financial LP lifted its stake in Cullen/Frost Bankers by 116.6% during the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank's stock valued at $50,000 after acquiring an additional 239 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Cullen/Frost Bankers by 108.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,867 shares of the bank's stock valued at $544,000 after purchasing an additional 2,534 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Cullen/Frost Bankers by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,459 shares of the bank's stock valued at $834,000 after purchasing an additional 500 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Cullen/Frost Bankers by 2.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 35,590 shares of the bank's stock valued at $3,981,000 after purchasing an additional 800 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Cullen/Frost Bankers by 15.4% during the 3rd quarter. New York State Common Retirement Fund now owns 162,352 shares of the bank's stock valued at $18,161,000 after purchasing an additional 21,662 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company's stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Trading Down 1.3 %

Shares of CFR stock traded down $1.68 on Wednesday, hitting $129.26. 394,114 shares of the stock traded hands, compared to its average volume of 424,911. The firm's 50-day moving average price is $138.57 and its two-hundred day moving average price is $129.34. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $8.30 billion, a PE ratio of 14.57, a PEG ratio of 6.46 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.95 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 2.94%. Cullen/Frost Bankers's payout ratio is currently 42.84%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CFR. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Evercore ISI boosted their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Compass Point lifted their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Finally, DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $132.54.

About Cullen/Frost Bankers

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.