First National Bank of Omaha Makes New $4.98 Million Investment in Cullen/Frost Bankers, Inc. $CFR

First National Bank of Omaha acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 32,221 shares of the bank’s stock, valued at approximately $4,979,000. First National Bank of Omaha owned 0.05% of Cullen/Frost Bankers at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Texas Capital Bank Wealth Management Services Inc bought a new stake in Cullen/Frost Bankers in the second quarter worth approximately $284,000. Argyle Capital Partners LLC bought a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $267,000. BlackRock Inc. acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $1,133,453,000. Pallas Capital Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $942,000. Finally, Deutsche Bank AG bought a new stake in shares of Cullen/Frost Bankers in the 2nd quarter valued at $1,002,000. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

CFR has been the topic of a number of research reports. Zacks Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th. TD Cowen upped their price objective on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Stephens upped their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Morgan Stanley increased their price objective on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.33.

Insiders Place Their Bets

In related news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the transaction, the executive vice president owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $167.33 on Wednesday. The company has a fifty day simple moving average of $158.53 and a 200 day simple moving average of $146.14. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $170.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. The company has a market cap of $10.40 billion, a P/E ratio of 15.82, a PEG ratio of 2.63 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.15. The firm had revenue of $576.01 million for the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter in the prior year, the company posted $2.39 earnings per share. Sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 10.8 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio is currently 38.94%.

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.