Cullen/Frost Bankers, Inc. $CFR Shares Acquired by Vest Financial LLC

Vest Financial LLC lifted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 19.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,521 shares of the bank’s stock after purchasing an additional 6,344 shares during the quarter. Vest Financial LLC’s holdings in Cullen/Frost Bankers were worth $5,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Cullen/Frost Bankers by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after buying an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cullen/Frost Bankers by 9.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock valued at $20,896,000 after acquiring an additional 15,063 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares during the last quarter. Voya Investment Management LLC boosted its stake in Cullen/Frost Bankers by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 7,342 shares of the bank’s stock worth $919,000 after purchasing an additional 199 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Cullen/Frost Bankers by 1.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,607 shares of the bank’s stock worth $1,445,000 after purchasing an additional 140 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Up 4.5%

Cullen/Frost Bankers stock opened at $143.53 on Thursday. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $146.44. The business’s 50-day moving average price is $129.02 and its 200 day moving average price is $128.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.The company had revenue of $567.27 million during the quarter, compared to the consensus estimate of $565.54 million. During the same period in the previous year, the company posted $2.24 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 41.15%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of Cullen/Frost Bankers stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the completion of the transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. The trade was a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CFR shares. Royal Bank Of Canada raised their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, October 10th. Citigroup boosted their price target on Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research note on Friday, October 31st. Barclays reduced their price objective on Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Keefe, Bruyette & Woods upgraded shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $135.73.

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.