Confluence Investment Management LLC increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,078 shares of the bank’s stock after buying an additional 296 shares during the period. Confluence Investment Management LLC owned 0.38% of Cullen/Frost Bankers worth $25,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at $27,000. Robinson Value Management Ltd. bought a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $44,000. CI Investments Inc. lifted its stake in Cullen/Frost Bankers by 21.7% in the fourth quarter. CI Investments Inc. now owns 757 shares of the bank’s stock worth $66,000 after acquiring an additional 135 shares during the period. Stumpf Capital Management LLC bought a new position in Cullen/Frost Bankers during the 3rd quarter worth about $93,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Cullen/Frost Bankers during the 4th quarter valued at about $138,000. Institutional investors own 81.39% of the company’s stock.

Shares of CFR stock traded down $0.42 during trading hours on Thursday, reaching $108.74. 213,140 shares of the company’s stock were exchanged, compared to its average volume of 456,024. Cullen/Frost Bankers, Inc. has a 1 year low of $55.53 and a 1 year high of $119.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.90 billion, a PE ratio of 20.44, a PEG ratio of 2.13 and a beta of 1.56. The stock’s fifty day moving average price is $110.04 and its two-hundred day moving average price is $89.61.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Wednesday, January 27th. The bank reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The company had revenue of $357.06 million for the quarter, compared to the consensus estimate of $351.61 million. Cullen/Frost Bankers had a net margin of 22.81% and a return on equity of 6.68%. During the same quarter in the previous year, the firm earned $1.60 EPS. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 3.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were paid a $0.72 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $2.88 dividend on an annualized basis and a yield of 2.65%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.11%.

In other Cullen/Frost Bankers news, EVP William L. Perotti sold 12,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were sold at an average price of $106.09, for a total transaction of $1,299,602.50. Following the completion of the transaction, the executive vice president now directly owns 105,765 shares of the company’s stock, valued at approximately $11,220,608.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jerry Salinas sold 12,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $98.75, for a total transaction of $1,185,000.00. Following the sale, the chief financial officer now owns 32,206 shares of the company’s stock, valued at $3,180,342.50. The disclosure for this sale can be found here. Insiders sold a total of 121,752 shares of company stock valued at $12,463,335 in the last 90 days. 4.75% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Tuesday, March 9th. Morgan Stanley lifted their price target on Cullen/Frost Bankers from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Wednesday, March 24th. Truist boosted their price target on Cullen/Frost Bankers from $96.00 to $111.00 in a research report on Monday, March 8th. Finally, Truist Securities raised their price objective on Cullen/Frost Bankers from $96.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, March 15th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $87.20.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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