Burney Co. Acquires New Stake in Cullen/Frost Bankers, Inc. $CFR

Burney Co. acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,695 shares of the bank’s stock, valued at approximately $722,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AlphaQuest LLC grew its holdings in shares of Cullen/Frost Bankers by 8.0% in the second quarter. AlphaQuest LLC now owns 1,082 shares of the bank’s stock worth $139,000 after purchasing an additional 80 shares during the last quarter. Cardinal Capital Management grew its stake in Cullen/Frost Bankers by 0.5% in the 2nd quarter. Cardinal Capital Management now owns 17,824 shares of the bank’s stock worth $2,291,000 after acquiring an additional 81 shares in the last quarter. Wedmont Private Capital increased its position in shares of Cullen/Frost Bankers by 6.2% during the third quarter. Wedmont Private Capital now owns 1,687 shares of the bank’s stock worth $215,000 after acquiring an additional 99 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Cullen/Frost Bankers by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the bank’s stock valued at $2,327,000 after acquiring an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in shares of Cullen/Frost Bankers by 0.7% during the second quarter. State of Michigan Retirement System now owns 15,464 shares of the bank’s stock valued at $1,988,000 after acquiring an additional 100 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at approximately $481,965. This represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CFR has been the topic of several research reports. Cantor Fitzgerald assumed coverage on Cullen/Frost Bankers in a report on Wednesday, September 10th. They set a “neutral” rating and a $138.00 price objective on the stock. Morgan Stanley increased their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 15th. Evercore ISI upped their price objective on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Finally, TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $135.55.

Cullen/Frost Bankers Price Performance

CFR opened at $128.52 on Monday. The firm has a market capitalization of $8.22 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 2.99 and a beta of 0.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50-day moving average is $125.24 and its two-hundred day moving average is $127.57. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, beating the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. The business had revenue of $567.27 million during the quarter, compared to analyst estimates of $565.54 million. During the same period in the prior year, the firm posted $2.24 earnings per share. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 41.15%.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.