Cullen/Frost Bankers, Inc. $CFR Shares Bought by Lido Advisors LLC

Lido Advisors LLC grew its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,289 shares of the bank’s stock after buying an additional 6,212 shares during the quarter. Lido Advisors LLC’s holdings in Cullen/Frost Bankers were worth $18,925,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CFR. Cullen Frost Bankers Inc. boosted its holdings in Cullen/Frost Bankers by 62.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock valued at $4,910,000 after purchasing an additional 14,831 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Cullen/Frost Bankers by 3,892.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock worth $12,901,000 after purchasing an additional 97,854 shares during the period. Truist Financial Corp raised its stake in shares of Cullen/Frost Bankers by 21.8% during the 3rd quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock worth $5,110,000 after buying an additional 7,217 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Cullen/Frost Bankers by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock worth $12,943,000 after buying an additional 3,313 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Cullen/Frost Bankers by 1,578.9% in the 3rd quarter. SG Americas Securities LLC now owns 18,686 shares of the bank’s stock valued at $2,369,000 after buying an additional 17,573 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of the firm’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 sale, the executive vice president owned 28,406 shares in the company, valued at $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CFR. Keefe, Bruyette & Woods lifted their price target on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Barclays increased their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Finally, Citigroup increased their price target on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $142.67.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $131.99 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $8.34 billion, a PE ratio of 13.31, a P/E/G ratio of 4.85 and a beta of 0.63. The firm has a 50 day simple moving average of $139.52 and a 200-day simple moving average of $130.85. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $148.97.

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, topping analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter last year, the business earned $2.36 earnings per share. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is currently 40.32%.

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.