Squarepoint Ops LLC Purchases 26,055 Shares of Cullen/Frost Bankers, Inc. $CFR

Squarepoint Ops LLC boosted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 327.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,023 shares of the bank’s stock after purchasing an additional 26,055 shares during the period. Squarepoint Ops LLC’s holdings in Cullen/Frost Bankers were worth $5,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. ProShare Advisors LLC lifted its position in Cullen/Frost Bankers by 3.7% during the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock valued at $33,961,000 after purchasing an additional 9,612 shares in the last quarter. Verition Fund Management LLC boosted its stake in Cullen/Frost Bankers by 52.8% in the 4th quarter. Verition Fund Management LLC now owns 130,944 shares of the bank’s stock worth $16,581,000 after purchasing an additional 45,254 shares during the period. EFG International AG purchased a new position in Cullen/Frost Bankers during the second quarter valued at $5,906,000. Whittier Trust Co. lifted its stake in Cullen/Frost Bankers by 10.6% in the 1st quarter. Whittier Trust Co. now owns 73,835 shares of the bank’s stock worth $10,332,000 after purchasing an additional 7,061 shares in the last quarter. Finally, DB&C Advisors LLC bought a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at about $1,678,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFR has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Zacks Research lowered Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Stephens lifted their price objective on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods upped their price objective on Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $168.00 to $176.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $166.67.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $163.00 on Friday. The firm has a 50-day moving average price of $163.10 and a 200-day moving average price of $148.55. The firm has a market capitalization of $10.13 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 2.48 and a beta of 0.52. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The company had revenue of $576.01 million for the quarter, compared to the consensus estimate of $589.72 million. During the same period in the prior year, the firm posted $2.39 EPS. As a group, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 10.94 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio is 38.94%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers commercial and consumer banking products, including deposit accounts, loans, treasury management, payment services, mortgage lending and online and mobile banking. Through its wealth management operations, the company also provides trust, investment management, brokerage and retirement services.