Entropy Technologies LP Purchases 32,670 Shares of Cullen/Frost Bankers, Inc. $CFR

Entropy Technologies LP increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 355.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,863 shares of the bank’s stock after buying an additional 32,670 shares during the quarter. Entropy Technologies LP’s holdings in Cullen/Frost Bankers were worth $5,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Diversified Trust Co. grew its stake in shares of Cullen/Frost Bankers by 0.5% in 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 during the last quarter. Matrix Trust Co grew its stake in shares of Cullen/Frost Bankers by 40.4% in the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Cullen/Frost Bankers by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after buying an additional 94 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Cullen/Frost Bankers by 0.5% in the 4th quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after buying an additional 98 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $148.01 on Friday. The business’s fifty day simple moving average is $140.28 and its two-hundred day simple moving average is $136.72. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 12 month low of $119.00 and a 12 month high of $148.97. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 3.75 and a beta of 0.55.

Cullen/Frost Bankers (NYSE:CFR) last issued its 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 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 the consensus estimate of $587.29 million. During the same period last year, the business posted $2.30 EPS. Research 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 announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.03 per share. The ex-dividend date is Friday, May 29th. This represents a $4.12 annualized dividend and a yield of 2.8%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.12%.

Analysts Set New Price Targets

CFR has been the topic of several recent research reports. Barclays upped their price target on 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. Citigroup upped their price target on Cullen/Frost Bankers from $125.00 to $131.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. Morgan Stanley cut their price target on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. 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 given a Sell rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $148.73.

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.