Tudor Investment Corp ET AL Acquires 38,796 Shares of Cullen/Frost Bankers, Inc. $CFR

Tudor Investment Corp ET AL lifted its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 915.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,036 shares of the bank’s stock after acquiring an additional 38,796 shares during the period. Tudor Investment Corp ET AL owned approximately 0.07% of Cullen/Frost Bankers worth $5,456,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Cullen/Frost Bankers during the 3rd quarter worth about $26,000. GoalVest Advisory LLC purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $28,000. Advisory Services Network LLC bought a new stake in shares of Cullen/Frost Bankers during the third quarter valued at about $28,000. Community Bank N.A. bought a new stake in shares of Cullen/Frost Bankers during the third quarter valued at about $35,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers by 105.2% in the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after buying an additional 182 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the sale, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock opened at $134.77 on Wednesday. The firm has a market capitalization of $8.49 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 4.91 and a beta of 0.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $148.97. The business’s 50-day moving average price is $139.11 and its 200-day moving average price is $130.98.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $1.05 billion during 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 in the prior year, the firm earned $2.36 earnings per share. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

Wall Street Analysts Forecast Growth

CFR has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Cullen/Frost Bankers from $136.00 to $143.00 and gave the company an “underweight” rating in a research note on Monday, March 2nd. Royal Bank Of Canada upped their price target on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. DA Davidson lifted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.67.

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.