US Bancorp DE Has $620,000 Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

US Bancorp DE increased its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) by 57.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,713 shares of the bank’s stock after purchasing an additional 2,078 shares during the quarter. US Bancorp DE’s holdings in Cullen/Frost Bankers were worth $620,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth about $27,000. Arvest Investments Inc. acquired a new position in Cullen/Frost Bankers during the fourth quarter valued at approximately $35,000. GAMMA Investing LLC bought a new position in Cullen/Frost Bankers in the fourth quarter valued at approximately $43,000. Signaturefd LLC increased its position in shares of Cullen/Frost Bankers by 87.8% during the 4th quarter. Signaturefd LLC now owns 706 shares of the bank’s stock worth $77,000 after purchasing an additional 330 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Cullen/Frost Bankers by 743.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 852 shares of the bank’s stock worth $93,000 after purchasing an additional 751 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Activity

In other news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CFR. Truist Financial lowered their target price on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Evercore ISI raised their target price on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a research note on Thursday, March 28th. DA Davidson reissued a “buy” rating and issued a $126.00 target price on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $118.00 price target on shares of Cullen/Frost Bankers in a research report on Tuesday, April 9th. Finally, Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $117.46.

View Our Latest Stock Report on Cullen/Frost Bankers

Cullen/Frost Bankers Trading Up 0.3 %

Shares of Cullen/Frost Bankers stock opened at $99.54 on Friday. The company has a market capitalization of $6.40 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02. The stock has a fifty day simple moving average of $106.78 and a 200 day simple moving average of $106.17. Cullen/Frost Bankers, Inc. has a 12-month low of $82.25 and a 12-month 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.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $510.09 million. During the same period last year, the business posted $2.70 earnings per share. On average, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.43 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, May 30th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.50%.

Cullen/Frost Bankers Company 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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