Cullen/Frost Bankers, Inc. $CFR Stock Position Raised by Truist Financial Corp

Truist Financial Corp increased its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,306 shares of the bank’s stock after acquiring an additional 7,217 shares during the quarter. Truist Financial Corp owned approximately 0.06% of Cullen/Frost Bankers worth $5,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CFR. EFG Asset Management North America Corp. raised its position in shares of Cullen/Frost Bankers by 1.5% during the 3rd quarter. EFG Asset Management North America Corp. now owns 19,889 shares of the bank’s stock worth $2,522,000 after purchasing an additional 293 shares during the period. Riverwater Partners LLC boosted its position in Cullen/Frost Bankers by 4.0% during the 3rd quarter. Riverwater Partners LLC now owns 12,793 shares of the bank’s stock valued at $1,622,000 after purchasing an additional 487 shares during the period. Callahan Advisors LLC grew its stake in Cullen/Frost Bankers by 1.9% during the 3rd quarter. Callahan Advisors LLC now owns 26,997 shares of the bank’s stock worth $3,422,000 after buying an additional 493 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Cullen/Frost Bankers by 62.0% in the third quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock worth $4,910,000 after buying an additional 14,831 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Cullen/Frost Bankers by 0.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 35,915 shares of the bank’s stock worth $4,547,000 after buying an additional 122 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Up 1.1%

Cullen/Frost Bankers stock opened at $140.60 on Wednesday. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $145.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $8.99 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 5.13 and a beta of 0.65. The firm has a 50 day simple moving average of $131.87 and a 200-day simple moving average of $128.43.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.79% and a net margin of 21.99%.During the same period in the prior year, the firm posted $2.36 earnings per share. As a group, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 annualized dividend and a yield of 2.8%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. DA Davidson raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Barclays lifted 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. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $140.92.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the transaction, the executive vice president owned 3,795 shares in the company, valued at approximately $481,965. This trade represents a 15.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $137,070.00. Following the completion of the sale, the executive vice president owned 28,406 shares in the company, valued at $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,700 shares of company stock worth $225,970. 1.20% of the stock is owned by corporate insiders.

About Cullen/Frost Bankers

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.