Fieldview Capital Management LLC Buys Shares of 14,262 Cullen/Frost Bankers, Inc. $CFR

Fieldview Capital Management LLC bought a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,262 shares of the bank’s stock, valued at approximately $1,806,000.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Cullen/Frost Bankers during the 3rd quarter valued at $28,000. Covestor Ltd grew its holdings 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 buying an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings 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 buying an additional 184 shares during the last quarter. Community Bank N.A. acquired a new stake in Cullen/Frost Bankers during the 3rd quarter valued at $35,000. Finally, Matrix Trust Co grew its holdings 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 buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CFR. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Morgan Stanley decreased their price objective on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Barclays raised their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Cullen/Frost Bankers in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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 1 year low of $119.00 and a 1 year high of $148.97. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 3.75 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50-day simple moving average is $140.28 and its 200-day simple moving average is $136.72.

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 analysts’ consensus estimates 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 business had revenue of $574.84 million for the quarter, compared to analyst estimates of $587.29 million. During the same period in the previous year, the company earned $2.30 earnings per share. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.46 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $1.03 per share. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date 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.