Cullen/Frost Bankers, Inc. $CFR Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,187,406 shares of the bank’s stock after acquiring an additional 77,028 shares during the quarter. Dimensional Fund Advisors LP owned about 1.86% of Cullen/Frost Bankers worth $150,529,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of 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 boosted its holdings in Cullen/Frost Bankers by 105.2% during 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. boosted 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 buying an additional 106 shares in the last quarter. Finally, MAI Capital Management grew 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 buying an additional 248 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CFR. Cantor Fitzgerald lifted their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. TD Cowen restated a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Royal Bank Of Canada raised their price objective on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Citigroup lifted their price objective on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Finally, DA Davidson boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $142.67.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $134.04 on Wednesday. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $148.97. The stock has a market cap of $8.47 billion, a P/E ratio of 13.51, a PEG ratio of 4.94 and a beta of 0.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $139.21 and a two-hundred day moving average of $130.82.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $578.05 million. During the same period in the prior year, the business earned $2.36 earnings per share. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal 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 issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is 40.32%.

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.