Entropy Technologies LP Buys 32,670 Shares of Cullen/Frost Bankers, Inc. $CFR

Entropy Technologies LP increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 355.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,863 shares of the bank’s stock after acquiring an additional 32,670 shares during the period. Entropy Technologies LP owned about 0.07% of Cullen/Frost Bankers worth $5,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in Cullen/Frost Bankers during the 3rd quarter valued at approximately $28,000. Covestor Ltd raised its position in Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. raised its position in Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Community Bank N.A. bought a new position in Cullen/Frost Bankers during the 3rd quarter valued at approximately $35,000. Finally, Matrix Trust Co raised its position in Cullen/Frost Bankers by 40.4% during the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CFR shares. DA Davidson upped their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Royal Bank Of Canada upped their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Morgan Stanley lowered their price target on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Cullen/Frost Bankers in a research report on Monday, June 1st. Finally, Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $148.73.

Cullen/Frost Bankers Stock Up 1.3%

Shares of NYSE:CFR opened at $148.01 on Friday. Cullen/Frost Bankers, Inc. has a 52-week low of $119.00 and a 52-week high of $148.97. The firm has a market capitalization of $9.29 billion, a P/E ratio of 14.41, a P/E/G ratio of 3.75 and a beta of 0.55. The stock has a 50 day moving average price of $140.28 and a 200-day moving average price of $136.72. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

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

Cullen/Frost Bankers Increases Dividend

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

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.