GSA Capital Partners LLP Makes New $305,000 Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

GSA Capital Partners LLP bought a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,728 shares of the bank’s stock, valued at approximately $305,000.

Several other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. lifted its stake in Cullen/Frost Bankers by 24.5% in the 1st quarter. Bessemer Group Inc. now owns 15,854 shares of the bank’s stock worth $1,785,000 after acquiring an additional 3,116 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Cullen/Frost Bankers by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 47,534 shares of the bank’s stock worth $5,350,000 after buying an additional 967 shares in the last quarter. Natixis purchased a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at $957,000. LRI Investments LLC acquired a new position in shares of Cullen/Frost Bankers in the first quarter worth $146,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Cullen/Frost Bankers by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,085 shares of the bank’s stock valued at $4,063,000 after purchasing an additional 1,906 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $142.34 on Friday. The company has a 50 day simple moving average of $123.41 and a two-hundred day simple moving average of $111.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $144.89. The company has a market capitalization of $9.13 billion, a PE ratio of 17.63, a P/E/G ratio of 1.67 and a beta of 0.98.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company had revenue of $518.04 million for the quarter, compared to analysts’ expectations of $517.25 million. During the same quarter in the prior year, the firm earned $2.38 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.71 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, November 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 47.15%.

Insiders Place Their Bets

In related news, CEO Phillip D. Green sold 14,358 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.08. This trade represents a 13.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Howard L. Kasanoff sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares of the company’s stock, valued at approximately $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,864 shares of company stock valued at $2,977,033 in the last three months. 2.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CFR has been the topic of a number of research reports. Citigroup increased their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Truist Financial dropped their price target on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Stephens lifted their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Maxim Group increased their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Compass Point upped their price target on Cullen/Frost Bankers from $111.00 to $122.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $123.86.

Cullen/Frost Bankers Profile

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.