First National Bank of Omaha Has $11.19 Million Position in Cullen/Frost Bankers, Inc. $CFR

First National Bank of Omaha reduced its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,389 shares of the bank’s stock after selling 13,810 shares during the quarter. First National Bank of Omaha’s holdings in Cullen/Frost Bankers were worth $11,193,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CFR. Goldman Sachs Group Inc. boosted its holdings in shares of Cullen/Frost Bankers by 61.6% during the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after purchasing an additional 230,993 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $20,896,000 after purchasing an additional 15,063 shares during the period. Geneos Wealth Management Inc. boosted 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 during the period. Invesco Ltd. boosted its holdings in shares of Cullen/Frost Bankers by 12.2% during the second quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock worth $16,201,000 after purchasing an additional 13,718 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Cullen/Frost Bankers by 82.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock worth $151,000 after purchasing an additional 532 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on CFR shares. Morgan Stanley reduced their target price on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. DA Davidson lifted their target price on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Barclays lifted their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. Finally, TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $148.73.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $148.01 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $9.30 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 3.70 and a beta of 0.55. The company has a 50 day moving average price of $140.28 and a two-hundred day moving average price of $136.72. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period in the previous year, the company earned $2.30 earnings per share. As a group, equities analysts predict that Cullen/Frost Bankers, Inc. will post 10.46 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, May 29th. Cullen/Frost Bankers’s payout ratio is presently 40.12%.

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.