Intech Investment Management LLC Buys Shares of 7,271 Cullen/Frost Bankers, Inc. $CFR

Intech Investment Management LLC bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 3rd quarter, Holdings Channel reports. The fund bought 7,271 shares of the bank’s stock, valued at approximately $922,000.

A number of other large investors have also made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at about $26,000. GoalVest Advisory LLC acquired a new position in Cullen/Frost Bankers during the third quarter worth about $28,000. Farther Finance Advisors LLC increased its holdings in Cullen/Frost Bankers by 105.2% in the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock valued at $45,000 after buying an additional 182 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares in the last quarter. Finally, MAI Capital Management lifted its position in shares of Cullen/Frost Bankers by 171.0% during the 2nd quarter. MAI Capital Management now owns 393 shares of the bank’s stock valued at $51,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the sale, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. The trade was a 15.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,700 shares of company stock worth $225,970 in the last three months. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CFR. TD Cowen restated a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Keefe, Bruyette & Woods lifted their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Barclays boosted their target price 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. Royal Bank Of Canada upped their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Finally, Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Four 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $142.67.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $135.52 on Monday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $148.97. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 4.97 and a beta of 0.63. The stock has a fifty day moving average of $138.98 and a two-hundred day moving average of $130.74. 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 (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $562.58 million for the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same quarter last year, the company earned $2.36 earnings per share. On average, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

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.