Sanctuary Advisors LLC Takes $2.42 Million Position in Cullen/Frost Bankers, Inc. $CFR

Sanctuary Advisors LLC bought a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 15,660 shares of the bank’s stock, valued at approximately $2,420,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Cullen/Frost Bankers by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after purchasing an additional 230,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cullen/Frost Bankers by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock worth $20,896,000 after purchasing an additional 15,063 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares during the period. Invesco Ltd. grew its stake in shares of Cullen/Frost Bankers by 12.2% in the 2nd quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock valued at $16,201,000 after buying an additional 13,718 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Cullen/Frost Bankers by 82.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock valued at $151,000 after buying an additional 532 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Insider Transactions at Cullen/Frost Bankers

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

Cullen/Frost Bankers Price Performance

CFR stock opened at $163.43 on Wednesday. The company has a market capitalization of $10.16 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 2.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. Cullen/Frost Bankers, Inc. has a 52-week low of $119.00 and a 52-week high of $170.80. The business has a 50-day simple moving average of $160.36 and a two-hundred day simple moving average of $147.01.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The firm had revenue of $576.01 million during the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same period in the previous year, the company posted $2.39 EPS. Research analysts expect that Cullen/Frost Bankers, Inc. will post 10.9 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. DA Davidson upped their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Citigroup raised their price objective on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Stephens boosted their price objective on Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Morgan Stanley increased their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a report on Monday, June 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $161.75.

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.