Steward Partners Investment Advisory LLC Purchases 3,000 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Steward Partners Investment Advisory LLC lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) by 304.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,986 shares of the bank’s stock after acquiring an additional 3,000 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Cullen/Frost Bankers were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CFR. Dimensional Fund Advisors LP boosted its stake in Cullen/Frost Bankers by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after acquiring an additional 131,726 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Cullen/Frost Bankers during the 4th quarter worth $1,069,000. Hsbc Holdings PLC bought a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $1,302,000. Aigen Investment Management LP purchased a new stake in Cullen/Frost Bankers during the third quarter valued at about $530,000. Finally, Bryn Mawr Capital Management LLC bought a new position in Cullen/Frost Bankers in the 4th quarter worth approximately $1,042,000. 86.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CFR shares. Evercore ISI boosted their target price on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a report on Thursday, March 28th. Jefferies Financial Group raised their price objective on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research report on Monday, April 8th. DA Davidson reaffirmed a “buy” rating and set a $126.00 target price on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. Truist Financial cut their price target on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating for the company in a report on Monday, April 29th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.46.

Get Our Latest Analysis on CFR

Cullen/Frost Bankers Trading Up 1.2 %

CFR stock opened at $100.70 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $6.47 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02. The company’s 50 day moving average price is $106.55 and its two-hundred day moving average price is $106.18. Cullen/Frost Bankers, Inc. has a one year low of $82.25 and a one year high of $120.31.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping the consensus estimate of $2.13 by $0.02. The firm had revenue of $522.74 million for the quarter, compared to the consensus estimate of $510.09 million. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter in the previous year, the business earned $2.70 earnings per share. As a group, analysts predict that Cullen/Frost Bankers, Inc. will post 8.43 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, May 30th. Cullen/Frost Bankers’s payout ratio is 43.50%.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the transaction, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.89% of the stock is currently owned by company insiders.

Cullen/Frost Bankers 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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