7,271 Shares in Cullen/Frost Bankers, Inc. $CFR Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,271 shares of the bank’s stock, valued at approximately $922,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Cullen/Frost Bankers during the 3rd quarter worth $26,000. GoalVest Advisory LLC acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at about $28,000. Farther Finance Advisors LLC lifted its stake in shares of Cullen/Frost Bankers by 105.2% in the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after buying an additional 182 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after buying an additional 106 shares in the last quarter. Finally, MAI Capital Management boosted its position in Cullen/Frost Bankers by 171.0% during the second quarter. MAI Capital Management now owns 393 shares of the bank’s stock worth $51,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $135.52 on Monday. The company’s 50 day simple moving average is $138.98 and its 200-day simple moving average is $130.74. The firm has a market cap of $8.56 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 4.97 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $148.97. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The firm had revenue of $562.58 million during the quarter, compared to analysts’ expectations of $578.05 million. During the same quarter in the prior year, the business earned $2.36 EPS. As a group, equities analysts predict 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 will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 annualized dividend and a yield of 3.0%. Cullen/Frost Bankers’s dividend payout ratio is currently 40.32%.

Wall Street Analyst Weigh In

A number of research firms have commented on CFR. Keefe, Bruyette & Woods increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Cantor Fitzgerald upped their price target on Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a report on Monday, February 2nd. Royal Bank Of Canada boosted their price objective on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Finally, DA Davidson upped their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $142.67.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the sale, the executive vice president owned 3,795 shares of the company’s stock, valued at $481,965. This trade represents a 15.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,700 shares of company stock valued at $225,970. 1.20% of the stock is owned by company insiders.

Cullen/Frost Bankers Company 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.