Rydar Equities Inc. Purchases New Stake in Cullen/Frost Bankers, Inc. $CFR

Rydar Equities Inc. acquired a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 12,725 shares of the bank’s stock, valued at approximately $1,636,000. Cullen/Frost Bankers accounts for about 1.3% of Rydar Equities Inc.’s holdings, making the stock its 26th biggest position.

A number of other large investors also recently added to or reduced their stakes in CFR. Hantz Financial Services Inc. grew its position in shares of Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after buying an additional 264 shares during the period. eCIO Inc. acquired a new stake in Cullen/Frost Bankers during the 1st quarter worth $36,000. Geneos Wealth Management Inc. grew its holdings in Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after acquiring an additional 106 shares during the period. MAI Capital Management lifted its stake in shares of Cullen/Frost Bankers by 171.0% in the 2nd quarter. MAI Capital Management now owns 393 shares of the bank’s stock valued at $51,000 after purchasing an additional 248 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cullen/Frost Bankers in the 1st quarter worth $57,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $129.15 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $146.44. The company’s 50 day moving average price is $124.62 and its two-hundred day moving average price is $127.50. The company has a market capitalization of $8.26 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 3.00 and a beta of 0.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. The business had revenue of $567.27 million for the quarter, compared to analyst estimates of $565.54 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. During the same period last year, the business posted $2.24 earnings per share. On average, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 41.15%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the sale, the executive vice president owned 3,795 shares in the company, valued at approximately $481,965. The trade was a 15.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CFR shares. Cantor Fitzgerald started coverage on Cullen/Frost Bankers in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 target price on the stock. Evercore ISI increased their price target on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley lifted their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. Royal Bank Of Canada upped their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th. Finally, TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $136.00.

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.