Impax Asset Management Group plc Acquires 97,955 Shares of Cullen/Frost Bankers, Inc. $CFR

Impax Asset Management Group plc lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11.9% during the third quarter, HoldingsChannel reports. The firm owned 920,833 shares of the bank’s stock after purchasing an additional 97,955 shares during the quarter. Impax Asset Management Group plc’s holdings in Cullen/Frost Bankers were worth $116,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at $26,000. GoalVest Advisory LLC bought a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. grew its position in shares of Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares in the last quarter. Farther Finance Advisors LLC grew its position in Cullen/Frost Bankers by 105.2% during the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after buying an additional 182 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $146.40 on Wednesday. The company has a 50-day moving average price of $133.97 and a 200-day moving average price of $128.74. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $148.29. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $9.25 billion, a P/E ratio of 14.76, a PEG ratio of 5.41 and a beta of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The company had revenue of $562.58 million during the quarter, compared to analyst estimates of $578.05 million. During the same period in the previous year, the business posted $2.36 earnings per share. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.7%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.32%.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction that occurred 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 directly owned 3,795 shares in the company, valued at $481,965. This represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bobby Berman sold 1,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their position. 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. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CFR. TD Cowen reissued a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. DA Davidson raised their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Citigroup boosted their price objective on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Royal Bank Of Canada upped their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Finally, Loop Capital set a $160.00 target price on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $140.92.

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.