Pacer Advisors Inc. Invests $1.08 Million in Cullen/Frost Bankers, Inc. $CFR

Pacer Advisors Inc. bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the third quarter, Holdings Channel.com reports. The fund bought 8,480 shares of the bank’s stock, valued at approximately $1,075,000.

Other large investors have also recently bought and sold shares of the company. M.E. Allison & CO. Inc. raised its position in shares of Cullen/Frost Bankers by 35.1% during the second quarter. M.E. Allison & CO. Inc. now owns 8,734 shares of the bank’s stock valued at $1,123,000 after buying an additional 2,270 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Cullen/Frost Bankers by 3,892.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock valued at $12,901,000 after acquiring an additional 97,854 shares during the period. Legal & General Group Plc raised its holdings in Cullen/Frost Bankers by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock valued at $12,943,000 after acquiring an additional 3,313 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Cullen/Frost Bankers by 18.9% in the 2nd quarter. HB Wealth Management LLC now owns 2,255 shares of the bank’s stock worth $290,000 after acquiring an additional 358 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Cullen/Frost Bankers by 30.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 102,234 shares of the bank’s stock worth $13,141,000 after acquiring an additional 23,714 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Down 1.3%

Shares of NYSE CFR opened at $126.60 on Friday. Cullen/Frost Bankers, Inc. has a 52-week low of $100.31 and a 52-week high of $146.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The business has a fifty day moving average of $125.51 and a two-hundred day moving average of $127.61. The stock has a market cap of $8.09 billion, a PE ratio of 13.02, a PEG ratio of 2.94 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. The business had revenue of $567.27 million during the quarter, compared to analysts’ expectations of $565.54 million. During the same quarter last year, the company posted $2.24 EPS. As a group, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 41.15%.

Insider Activity

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’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 transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at $481,965. The trade was a 15.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI boosted their price objective on Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada boosted their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, October 10th. Cantor Fitzgerald assumed coverage on shares of Cullen/Frost Bankers in a report on Wednesday, September 10th. They set a “neutral” rating and a $138.00 price objective for the company. Morgan Stanley lifted their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $135.55.

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.