Vigilant Capital Management LLC Acquires Shares of 880 Cullen/Frost Bankers, Inc. (CFR)
Vigilant Capital Management LLC acquired a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 880 shares of the bank’s stock, valued at approximately $85,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. JOYN Advisors Inc. raised its position in shares of Cullen/Frost Bankers by 1,993.8% during the fourth quarter. JOYN Advisors Inc. now owns 335 shares of the bank’s stock valued at $29,000 after buying an additional 319 shares during the last quarter. Lindbrook Capital LLC bought a new stake in Cullen/Frost Bankers in the fourth quarter worth $37,000. First Mercantile Trust Co. increased its position in Cullen/Frost Bankers by 48.4% in the fourth quarter. First Mercantile Trust Co. now owns 460 shares of the bank’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Toronto Dominion Bank bought a new stake in Cullen/Frost Bankers in the fourth quarter worth $77,000. Finally, Tributary Capital Management LLC bought a new stake in Cullen/Frost Bankers in the fourth quarter worth $88,000. 81.23% of the stock is currently owned by institutional investors.
In related news, EVP Carol Jean Severyn sold 3,750 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $100.62, for a total value of $377,325.00. Following the completion of the sale, the executive vice president now directly owns 1,250 shares of the company’s stock, valued at $125,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.84% of the stock is currently owned by insiders.
Shares of CFR opened at $101.02 on Wednesday. The firm has a market cap of $6.44 billion, a PE ratio of 14.64, a P/E/G ratio of 1.51 and a beta of 1.38. Cullen/Frost Bankers, Inc. has a 12-month low of $81.87 and a 12-month high of $121.66. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.07.
Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 31st. The bank reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.07. The firm had revenue of $360.93 million during the quarter, compared to analyst estimates of $344.18 million. Cullen/Frost Bankers had a net margin of 32.44% and a return on equity of 14.38%. Analysts predict that Cullen/Frost Bankers, Inc. will post 7.1 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Wednesday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is currently 38.84%.
WARNING: “Vigilant Capital Management LLC Acquires Shares of 880 Cullen/Frost Bankers, Inc. (CFR)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.dailypolitical.com/2019/04/10/vigilant-capital-management-llc-acquires-shares-of-880-cullen-frost-bankers-inc-cfr.html.
Cullen/Frost Bankers Profile
Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.
Recommended Story: How mutual funds make money
Receive News & Ratings for Cullen/Frost Bankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers and related companies with MarketBeat.com's FREE daily email newsletter.