Cullen Frost Bankers Inc. Increases Stock Position in Cullen/Frost Bankers, Inc. $CFR

Cullen Frost Bankers Inc. raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,979 shares of the bank’s stock after buying an additional 4,245 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Cullen/Frost Bankers were worth $5,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp raised its position in shares of Cullen/Frost Bankers by 13.5% in the 4th quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock worth $13,822,000 after purchasing an additional 12,990 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Cullen/Frost Bankers by 863.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock worth $2,716,000 after purchasing an additional 19,221 shares during the last quarter. Truist Financial Corp raised its position in shares of Cullen/Frost Bankers by 21.8% in the 3rd quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock worth $5,110,000 after purchasing an additional 7,217 shares during the last quarter. Marshall Financial Group LLC purchased a new position in shares of Cullen/Frost Bankers in the 4th quarter worth about $1,142,000. Finally, Carlson Capital L.P. purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth about $1,382,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CFR shares. Morgan Stanley lowered their price target on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. DA Davidson lifted their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $148.73.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $139.60 on Thursday. Cullen/Frost Bankers, Inc. has a one year low of $119.00 and a one year high of $148.97. The stock has a 50-day moving average of $138.30 and a 200 day moving average of $134.83. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 3.52 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $587.29 million. During the same period last year, the company earned $2.30 EPS. On average, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 10.41 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 29th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio is 38.95%.

Cullen/Frost Bankers Company 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.