First National Bank of Omaha Buys New Shares in Cullen/Frost Bankers, Inc. $CFR

First National Bank of Omaha purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 102,199 shares of the bank’s stock, valued at approximately $12,956,000. Cullen/Frost Bankers accounts for approximately 0.8% of First National Bank of Omaha’s investment portfolio, making the stock its 26th biggest position. First National Bank of Omaha owned about 0.16% of Cullen/Frost Bankers as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC grew its stake in shares of Cullen/Frost Bankers by 8.0% in the 2nd quarter. AlphaQuest LLC now owns 1,082 shares of the bank’s stock valued at $139,000 after buying an additional 80 shares during the period. Wedmont Private Capital boosted its holdings in Cullen/Frost Bankers by 6.2% in the third quarter. Wedmont Private Capital now owns 1,687 shares of the bank’s stock worth $215,000 after acquiring an additional 99 shares in the last quarter. State of Michigan Retirement System grew its stake in Cullen/Frost Bankers by 0.7% in the second quarter. State of Michigan Retirement System now owns 15,464 shares of the bank’s stock valued at $1,988,000 after acquiring an additional 100 shares during the period. Geneos Wealth Management Inc. increased 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 valued at $46,000 after acquiring an additional 106 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Cullen/Frost Bankers by 1.4% during the third quarter. GAMMA Investing LLC now owns 8,049 shares of the bank’s stock worth $1,020,000 after purchasing an additional 113 shares during the period. 86.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup lifted their price target 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. Barclays lifted their price objective on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Loop Capital set a $160.00 target price on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.92.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $144.17 on Wednesday. The company has a market capitalization of $9.11 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 5.32 and a beta of 0.65. The company’s 50-day moving average is $135.79 and its 200 day moving average is $129.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping 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 business had revenue of $562.58 million for the quarter, compared to analyst estimates of $578.05 million. During the same quarter in the previous year, the firm posted $2.36 earnings per share. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $1.00 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.00 annualized dividend and a yield of 2.8%. Cullen/Frost Bankers’s dividend payout ratio is presently 40.32%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the sale, the executive vice president directly 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction 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 owned 3,795 shares of the company’s stock, valued at $481,965. The trade was a 15.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,700 shares of company stock valued at $225,970. 2.89% of the stock is owned by corporate insiders.

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.