Financial Planning Hawaii Inc. Buys New Shares in Cullen/Frost Bankers, Inc. $CFR

Financial Planning Hawaii Inc. purchased a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,704 shares of the bank’s stock, valued at approximately $722,000.

A number of other large investors have also recently added to or reduced their stakes in CFR. Root Financial Partners LLC bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $26,000. GoalVest Advisory LLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Advisory Services Network LLC acquired a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Community Bank N.A. acquired a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $35,000. Finally, Matrix Trust Co grew its holdings in Cullen/Frost Bankers by 40.4% during the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CFR shares. Royal Bank Of Canada boosted their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Cantor Fitzgerald lifted their target price on Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Citigroup boosted their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Morgan Stanley increased their price target on Cullen/Frost Bankers from $136.00 to $143.00 and gave the company an “underweight” rating in a research note on Monday, March 2nd. Finally, Barclays raised their price target on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $142.67.

Cullen/Frost Bankers Trading Up 1.3%

CFR stock opened at $135.50 on Tuesday. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $148.97. The company has a market capitalization of $8.53 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 4.91 and a beta of 0.63. The company’s 50-day simple moving average is $138.85 and its 200 day simple moving average is $131.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter in the previous year, the company earned $2.36 EPS. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, February 27th. Cullen/Frost Bankers’s payout ratio is presently 40.32%.

Insider Activity

In related 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 completion of the sale, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.14% of the company’s stock.

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.