Martin Capital Partners LLC Has $8.16 Million Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Martin Capital Partners LLC trimmed its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,492 shares of the bank’s stock after selling 456 shares during the period. Cullen/Frost Bankers comprises about 3.1% of Martin Capital Partners LLC’s holdings, making the stock its 3rd biggest holding. Martin Capital Partners LLC owned 0.11% of Cullen/Frost Bankers worth $8,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Cullen/Frost Bankers by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock worth $85,451,000 after buying an additional 131,726 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter worth $1,069,000. Westwood Holdings Group Inc. raised its position in Cullen/Frost Bankers by 4.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock valued at $40,345,000 after buying an additional 15,981 shares during the period. Goldman Sachs Group Inc. grew its stake in Cullen/Frost Bankers by 44.1% during the 4th 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 in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $1,302,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock traded up $0.82 during mid-day trading on Wednesday, reaching $98.03. 422,410 shares of the stock were exchanged, compared to its average volume of 350,988. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. Cullen/Frost Bankers, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $104.61 and a 200 day simple moving average of $106.19.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. The company had revenue of $522.74 million for the quarter, compared to analyst estimates of $510.09 million. During the same quarter in the previous year, the firm earned $2.70 earnings per share. On average, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.43 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.92 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $3.68 dividend on an annualized basis and a yield of 3.75%. Cullen/Frost Bankers’s payout ratio is 43.50%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CFR. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, April 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $118.00 target price on shares of Cullen/Frost Bankers in a research note on Tuesday, April 9th. JPMorgan Chase & Co. raised their price target on Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. DA Davidson reissued a “buy” rating and issued a $126.00 price target on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Finally, Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.46.

View Our Latest Stock Analysis on CFR

Cullen/Frost Bankers Profile

(Free Report)

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.

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

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