468 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Acquired by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 468 shares of the bank’s stock, valued at approximately $52,000.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its holdings in Cullen/Frost Bankers by 125.2% during the 1st quarter. Tidal Investments LLC now owns 11,888 shares of the bank’s stock worth $1,338,000 after acquiring an additional 6,610 shares during the last quarter. Natixis bought a new stake in Cullen/Frost Bankers during the 1st quarter worth approximately $957,000. American Century Companies Inc. grew its holdings in Cullen/Frost Bankers by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 68,296 shares of the bank’s stock worth $6,941,000 after acquiring an additional 7,236 shares during the last quarter. Raymond James & Associates grew its holdings in Cullen/Frost Bankers by 10.0% during the 3rd quarter. Raymond James & Associates now owns 119,447 shares of the bank’s stock worth $13,361,000 after acquiring an additional 10,884 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Cullen/Frost Bankers by 15.9% during the 1st quarter. Sei Investments Co. now owns 377,920 shares of the bank’s stock worth $42,543,000 after acquiring an additional 51,808 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CFR. DA Davidson boosted their target price on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI reduced their price objective on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 2nd. Compass Point upped their price objective on shares of Cullen/Frost Bankers from $111.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Truist Financial reduced their price objective on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Finally, Wedbush reduced their price objective on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $123.86.

Cullen/Frost Bankers Stock Up 0.8 %

Shares of NYSE CFR opened at $139.17 on Friday. The firm has a market cap of $8.93 billion, a PE ratio of 17.27, a P/E/G ratio of 1.74 and a beta of 0.98. Cullen/Frost Bankers, Inc. has a 12-month low of $91.24 and a 12-month high of $144.19. The company’s fifty day simple moving average is $117.90 and its 200 day simple moving average is $109.83. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The firm had revenue of $518.04 million for the quarter, compared to the consensus estimate of $517.25 million. During the same quarter in the prior year, the company posted $2.38 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.71 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.73%. Cullen/Frost Bankers’s payout ratio is 47.15%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $126.31, for a total transaction of $442,842.86. Following the transaction, the executive vice president now owns 26,661 shares in the company, valued at approximately $3,367,550.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.