First National Bank of Omaha Acquires New Shares in Cullen/Frost Bankers, Inc. $CFR

First National Bank of Omaha bought a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 102,199 shares of the bank’s stock, valued at approximately $12,956,000. Cullen/Frost Bankers accounts for about 0.8% of First National Bank of Omaha’s portfolio, making the stock its 26th biggest holding.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of Cullen/Frost Bankers by 8.1% in the third quarter. Fifth Third Bancorp now owns 42,446 shares of the bank’s stock valued at $5,381,000 after purchasing an additional 3,182 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Cullen/Frost Bankers by 1.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,851 shares of the bank’s stock valued at $2,136,000 after buying an additional 162 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Cullen/Frost Bankers by 9.9% during the third quarter. HighTower Advisors LLC now owns 14,462 shares of the bank’s stock valued at $1,833,000 after buying an additional 1,306 shares during the period. Assetmark Inc. lifted its holdings in shares of Cullen/Frost Bankers by 23,543.6% in the third quarter. Assetmark Inc. now owns 9,221 shares of the bank’s stock worth $1,169,000 after buying an additional 9,182 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Cullen/Frost Bankers by 11.8% in the third quarter. Atria Investments Inc now owns 12,960 shares of the bank’s stock worth $1,643,000 after buying an additional 1,364 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the sale, the executive vice president directly owned 28,406 shares in the company, valued at $3,893,610.42. This represents a 3.40% decrease in their position. The sale 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 firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares in the company, 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 over the last ninety days. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.2%

Shares of NYSE CFR opened at $144.17 on Wednesday. The stock has a market capitalization of $9.11 billion, a P/E ratio of 14.53, a PEG ratio of 5.32 and a beta of 0.65. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $148.97. The firm’s 50 day simple moving average is $135.79 and its two-hundred day simple moving average is $129.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The company had revenue of $562.58 million during the quarter, compared to analysts’ expectations of $578.05 million. During the same quarter in the prior year, the company earned $2.36 EPS. As a group, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is presently 40.32%.

Analyst Ratings Changes

Several brokerages recently commented on CFR. Royal Bank Of Canada boosted their price objective on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Citigroup upped their price target on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Loop Capital set a $160.00 price objective on Cullen/Frost Bankers in a research report on Monday, February 2nd. DA Davidson boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average target price of $140.92.

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.