Rowlandmiller & PARTNERS.ADV Increases Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Rowlandmiller & PARTNERS.ADV boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,627 shares of the bank’s stock after buying an additional 307 shares during the quarter. Cullen/Frost Bankers accounts for about 1.2% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 23rd biggest holding. Rowlandmiller & PARTNERS.ADV owned approximately 0.08% of Cullen/Frost Bankers worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CFR. Asset Dedication LLC boosted its stake in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after buying an additional 105 shares during the period. Whittier Trust Co. boosted its stake in Cullen/Frost Bankers by 90.7% during the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after buying an additional 186 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Cullen/Frost Bankers during the second quarter worth about $54,000. North Star Investment Management Corp. purchased a new position in shares of Cullen/Frost Bankers in the first quarter valued at approximately $69,000. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Cullen/Frost Bankers by 1,625.6% in the second quarter. Eagle Bay Advisors LLC now owns 742 shares of the bank’s stock valued at $75,000 after purchasing an additional 699 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Jefferies Financial Group cut their price objective on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. DA Davidson raised their price objective on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada raised their price objective 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. Finally, Stephens raised their price objective on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the stock an “equal weight” 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.31.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $127.53 on Friday. The company’s 50 day simple moving average is $113.30 and its 200-day simple moving average is $108.20. Cullen/Frost Bankers, Inc. has a 12-month low of $82.25 and a 12-month high of $127.67. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm has a market cap of $8.19 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00.

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

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the sale, the executive vice president now directly owns 1,598 shares in the company, valued at approximately $190,481.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is currently owned by insiders.

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.