Cullen/Frost Bankers, Inc. $CFR Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,354,195 shares of the bank’s stock after selling 51,410 shares during the quarter. King Luther Capital Management Corp owned 2.12% of Cullen/Frost Bankers worth $171,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at about $26,000. GoalVest Advisory LLC acquired a new stake in Cullen/Frost Bankers during the 3rd quarter valued at $28,000. Hantz Financial Services Inc. increased its position in Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after buying an additional 264 shares in the last quarter. Farther Finance Advisors LLC increased its position in Cullen/Frost Bankers by 105.2% during the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after buying an additional 182 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CFR shares. DA Davidson increased their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Loop Capital set a $160.00 target price on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Barclays boosted their price target on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Keefe, Bruyette & Woods lifted their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada raised their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.92.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of Cullen/Frost Bankers stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares in the company, valued at approximately $481,965. The trade was a 15.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bobby Berman sold 1,000 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the sale, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,700 shares of company stock worth $225,970 in the last 90 days. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR opened at $144.46 on Thursday. The business has a 50-day moving average of $136.08 and a two-hundred day moving average of $129.32. The firm has a market capitalization of $9.13 billion, a PE ratio of 14.56, a P/E/G ratio of 5.31 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.The business had revenue of $562.58 million for the quarter, compared to analyst estimates of $578.05 million. During the same period in the previous year, the company posted $2.36 EPS. As a group, research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.32%.

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.