Cullen Frost Bankers Inc. Increases Stake in Cullen/Frost Bankers, Inc. $CFR

Cullen Frost Bankers Inc. raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 62.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 38,734 shares of the bank’s stock after acquiring an additional 14,831 shares during the period. Cullen Frost Bankers Inc. owned approximately 0.06% of Cullen/Frost Bankers worth $4,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC lifted its position in Cullen/Frost Bankers by 8.0% in the second quarter. AlphaQuest LLC now owns 1,082 shares of the bank’s stock valued at $139,000 after purchasing an additional 80 shares during the period. Wedmont Private Capital raised its stake in shares of Cullen/Frost Bankers by 6.2% during the 3rd quarter. Wedmont Private Capital now owns 1,687 shares of the bank’s stock worth $215,000 after buying an additional 99 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Cullen/Frost Bankers by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the bank’s stock valued at $2,327,000 after buying an additional 100 shares during the period. State of Michigan Retirement System boosted its stake in shares of Cullen/Frost Bankers by 0.7% in the second quarter. State of Michigan Retirement System now owns 15,464 shares of the bank’s stock valued at $1,988,000 after buying an additional 100 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after acquiring an additional 106 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $137.44 on Monday. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $146.44. The firm has a 50 day simple moving average of $129.69 and a 200-day simple moving average of $128.39. The firm has a market cap of $8.79 billion, a PE ratio of 14.14, a P/E/G ratio of 2.72 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

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

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.9%. Cullen/Frost Bankers’s dividend payout ratio is currently 41.15%.

Analyst Ratings Changes

CFR has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Evercore ISI raised their price objective on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada increased their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, October 10th. Barclays decreased their price target on Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Finally, Citigroup raised their price objective on Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $135.73.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the transaction, the executive vice president 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. Insiders own 1.20% of the company’s stock.

About Cullen/Frost Bankers

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.