Cullen Frost Bankers Inc. Purchases 4,245 Shares of Cullen/Frost Bankers, Inc. $CFR

Cullen Frost Bankers Inc. lifted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,979 shares of the bank’s stock after purchasing an additional 4,245 shares during the period. Cullen Frost Bankers Inc. owned about 0.07% of Cullen/Frost Bankers worth $5,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Cullen/Frost Bankers in the third quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in shares of Cullen/Frost Bankers in the third quarter worth approximately $28,000. Covestor Ltd grew its holdings in shares of Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of Cullen/Frost Bankers in the third quarter worth approximately $35,000. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $139.60 on Thursday. The stock has a market cap of $8.77 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 3.52 and a beta of 0.58. The firm’s fifty day simple moving average is $138.30 and its 200 day simple moving average is $134.83. Cullen/Frost Bankers, Inc. has a twelve month low of $119.00 and a twelve month high of $148.97. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The business had revenue of $1.04 billion for 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 quarter in the previous year, the business posted $2.30 earnings per share. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 10.41 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $1.03 per share. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th. Cullen/Frost Bankers’s payout ratio is 38.95%.

Wall Street Analyst Weigh In

CFR has been the topic of several recent analyst reports. Cantor Fitzgerald raised their target price on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Stephens upgraded shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 target price on the stock in a report on Tuesday, May 5th. Citigroup lifted their price target on shares of Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $148.73.

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.