Sanctuary Advisors LLC Invests $2.42 Million in Cullen/Frost Bankers, Inc. $CFR

Sanctuary Advisors LLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,660 shares of the bank’s stock, valued at approximately $2,420,000.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Covestor Ltd increased its position in Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Cullen/Frost Bankers during the second quarter valued at $37,000. Global Retirement Partners LLC bought a new position in shares of Cullen/Frost Bankers during the second quarter valued at $38,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Cullen/Frost Bankers during the first quarter valued at $41,000. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the transaction, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. The trade was a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CFR. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $135.00 to $160.00 in a research note on Monday, July 6th. Barclays raised their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Cantor Fitzgerald lifted their target price on Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. Finally, TD Cowen increased their price target on Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus target price of $161.75.

Cullen/Frost Bankers Trading Down 0.6%

NYSE:CFR opened at $163.43 on Wednesday. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $170.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s fifty day moving average is $160.36 and its 200-day moving average is $147.01. The firm has a market cap of $10.16 billion, a P/E ratio of 15.45, a P/E/G ratio of 2.52 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The business had revenue of $576.01 million during the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter last year, the firm earned $2.39 earnings per share. Equities analysts expect that Cullen/Frost Bankers, Inc. will post 10.9 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 38.94%.

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.