Cullen/Frost Bankers (NYSE:CFR) EVP Bobby Berman Sells 1,000 Shares

Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares in the company, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR opened at $139.24 on Tuesday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $145.53. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.69 and a beta of 0.64. The firm’s 50 day simple moving average is $131.56 and its 200 day simple moving average is $128.41. 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 announced its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.79%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $578.05 million. During the same quarter in the previous year, the business posted $2.36 earnings per share. As a group, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. Cullen/Frost Bankers’s dividend payout ratio is currently 40.32%.

Analyst Ratings Changes

CFR has been the subject of several research analyst reports. Barclays lifted their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday. Citigroup raised their price target on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Royal Bank Of Canada raised their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday. Finally, TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday. Three investment analysts have rated the stock with 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, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $140.92.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Danske Bank A S raised its stake in shares of Cullen/Frost Bankers by 40.0% during the 4th quarter. Danske Bank A S now owns 700 shares of the bank’s stock worth $89,000 after acquiring an additional 200 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Cullen/Frost Bankers by 6.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 17,901 shares of the bank’s stock worth $2,267,000 after acquiring an additional 1,050 shares during the period. Cardinal Capital Management raised its stake in shares of Cullen/Frost Bankers by 0.5% during the 4th quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock valued at $2,296,000 after buying an additional 98 shares during the last quarter. Vest Financial LLC raised its position in Cullen/Frost Bankers by 16.3% during the fourth quarter. Vest Financial LLC now owns 45,963 shares of the bank’s stock valued at $5,820,000 after acquiring an additional 6,442 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Cullen/Frost Bankers by 109.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,123 shares of the bank’s stock valued at $775,000 after purchasing an additional 3,203 shares during the period. 86.90% of the stock is currently owned by institutional investors.

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.