Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,225 shares of the bank’s stock after purchasing an additional 1,450 shares during the quarter. Villere ST Denis J & Co. LLC owned about 0.08% of Cullen/Frost Bankers worth $4,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Palisade Capital Management LLC NJ lifted its stake in shares of Cullen/Frost Bankers by 3.4% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 267,045 shares of the bank’s stock valued at $25,348,000 after purchasing an additional 8,690 shares during the period. Wright Investors Service Inc. acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $242,000. Victory Capital Management Inc. lifted its stake in shares of Cullen/Frost Bankers by 401.7% in the 3rd quarter. Victory Capital Management Inc. now owns 72,745 shares of the bank’s stock valued at $6,905,000 after purchasing an additional 58,246 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $770,000. Finally, Aperio Group LLC lifted its stake in shares of Cullen/Frost Bankers by 3.9% in the 3rd quarter. Aperio Group LLC now owns 26,806 shares of the bank’s stock valued at $2,544,000 after purchasing an additional 1,006 shares during the period. 81.98% of the stock is currently owned by institutional investors.

In other news, insider Bobby Berman sold 41,760 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $100.53, for a total transaction of $4,198,132.80. Following the sale, the insider now directly owns 38,596 shares in the company, valued at approximately $3,880,055.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.15% of the stock is currently owned by corporate insiders.

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Cullen/Frost Bankers, Inc. (CFR) traded up $0.27 during mid-day trading on Friday, hitting $93.35. 218,000 shares of the stock traded hands, compared to its average volume of 461,581. Cullen/Frost Bankers, Inc. has a 1 year low of $79.76 and a 1 year high of $103.37. The stock has a market capitalization of $5,896.36, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.35. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.08.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 26th. The bank reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.10. Cullen/Frost Bankers had a net margin of 28.86% and a return on equity of 11.64%. The business had revenue of $300.83 million during the quarter, compared to the consensus estimate of $329.62 million. During the same quarter in the previous year, the firm posted $1.24 EPS. analysts forecast that Cullen/Frost Bankers, Inc. will post 5.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, November 29th. Cullen/Frost Bankers’s dividend payout ratio is 43.35%.

Cullen/Frost Bankers declared that its Board of Directors has approved a share buyback program on Thursday, October 26th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts recently weighed in on the company. Deutsche Bank AG upped their price target on Cullen/Frost Bankers from $96.00 to $102.00 and gave the stock a “hold” rating in a research note on Wednesday. ValuEngine downgraded Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Barclays PLC upped their price target on Cullen/Frost Bankers from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. J P Morgan Chase & Co upped their price target on Cullen/Frost Bankers from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $96.50 price objective on shares of Cullen/Frost Bankers in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $100.58.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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