Mach 1 Financial Group LLC Makes New $475,000 Investment in Cullen/Frost Bankers, Inc. $CFR

Mach 1 Financial Group LLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,751 shares of the bank’s stock, valued at approximately $475,000.

A number of other institutional investors have also recently made changes to their positions in CFR. Diversified Trust Co. lifted its holdings in Cullen/Frost Bankers by 0.5% during the 4th quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock worth $1,756,000 after buying an additional 74 shares in the last quarter. Matrix Trust Co grew its stake in shares of Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Cullen/Frost Bankers by 2.9% during the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after acquiring an additional 94 shares during the period. Cardinal Capital Management increased its position in shares of Cullen/Frost Bankers by 0.5% during the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after acquiring an additional 98 shares during the period. Finally, Covestor Ltd raised its stake in shares of Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

CFR stock opened at $139.04 on Friday. The business has a 50 day moving average price of $138.40 and a 200 day moving average price of $134.94. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 3.56 and a beta of 0.58. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week 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 announced its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $587.29 million. During the same period in the prior year, the firm posted $2.30 earnings per share. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.41 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CFR. Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a report on Monday, February 2nd. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Citigroup lifted their price objective on Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a research note on Thursday, May 7th. Royal Bank Of Canada upped their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Finally, Barclays lifted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.