Everpar Advisors LLC Has $348,000 Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Everpar Advisors LLC raised its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,422 shares of the bank’s stock after buying an additional 197 shares during the period. Everpar Advisors LLC’s holdings in Cullen/Frost Bankers were worth $348,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new position in Cullen/Frost Bankers during the fourth quarter worth $72,627,000. Champlain Investment Partners LLC boosted its stake in Cullen/Frost Bankers by 18.4% in the first quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock valued at $359,378,000 after acquiring an additional 495,215 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Cullen/Frost Bankers by 44.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after acquiring an additional 244,197 shares during the last quarter. Polaris Capital Management LLC boosted its stake in Cullen/Frost Bankers by 87.9% in the fourth quarter. Polaris Capital Management LLC now owns 359,100 shares of the bank’s stock valued at $38,959,000 after acquiring an additional 168,000 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Cullen/Frost Bankers by 18.8% in the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock valued at $114,994,000 after purchasing an additional 161,580 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR traded up $1.60 during midday trading on Friday, reaching $109.97. 402,504 shares of the stock were exchanged, compared to its average volume of 451,078. The firm has a 50-day simple moving average of $105.02 and a two-hundred day simple moving average of $106.20. Cullen/Frost Bankers, Inc. has a twelve month low of $82.25 and a twelve month high of $123.17. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.30 and a beta of 1.03. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. The firm had revenue of $528.81 million during the quarter, compared to the consensus estimate of $506.83 million. During the same period in the prior year, the company posted $2.47 earnings per share. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.59 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, August 30th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.46%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 44.92%.

Insider Buying and Selling

In related news, EVP Candace K. Wolfshohl sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $119.65, for a total transaction of $598,250.00. Following the sale, the executive vice president now directly owns 18,753 shares in the company, valued at approximately $2,243,796.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Candace K. Wolfshohl sold 5,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $119.65, for a total value of $598,250.00. Following the sale, the executive vice president now owns 18,753 shares of the company’s stock, valued at approximately $2,243,796.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Howard L. Kasanoff sold 3,000 shares of Cullen/Frost Bankers stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total value of $357,600.00. Following the completion of the transaction, the executive vice president now owns 1,598 shares in the company, valued at $190,481.60. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Jefferies Financial Group cut their price objective on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Stephens increased their price target on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Wedbush increased their price target on shares of Cullen/Frost Bankers from $106.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Maxim Group upped their price objective on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average target price of $119.93.

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.