Cullen/Frost Bankers, Inc. (NYSE:CFR) Short Interest Update

Cullen/Frost Bankers, Inc. (NYSE:CFRGet Rating) saw a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 1,260,000 shares, an increase of 17.8% from the December 15th total of 1,070,000 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 392,000 shares, the days-to-cover ratio is currently 3.2 days.

Cullen/Frost Bankers Trading Up 2.1 %

Shares of CFR stock opened at $133.79 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.32 and a beta of 1.11. Cullen/Frost Bankers has a 52-week low of $112.67 and a 52-week high of $160.60. The company has a 50-day simple moving average of $136.58 and a two-hundred day simple moving average of $136.37.

Cullen/Frost Bankers (NYSE:CFRGet Rating) last announced its earnings results on Thursday, October 27th. The bank reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.40. The firm had revenue of $479.34 million for the quarter, compared to the consensus estimate of $445.68 million. Cullen/Frost Bankers had a return on equity of 14.18% and a net margin of 30.07%. Research analysts anticipate that Cullen/Frost Bankers will post 8.68 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a $0.87 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $3.48 dividend on an annualized basis and a yield of 2.60%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 46.71%.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,941 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $151.62, for a total transaction of $294,294.42. Following the transaction, the executive vice president now owns 24,589 shares in the company, valued at approximately $3,728,184.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.76% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several large investors have recently made changes to their positions in CFR. American Century Companies Inc. grew its position in Cullen/Frost Bankers by 10.3% during the first quarter. American Century Companies Inc. now owns 5,345 shares of the bank’s stock valued at $740,000 after buying an additional 501 shares during the period. Natixis Advisors L.P. purchased a new position in Cullen/Frost Bankers in the first quarter valued at about $1,736,000. BlackRock Inc. grew its position in shares of Cullen/Frost Bankers by 0.8% during the 1st quarter. BlackRock Inc. now owns 5,032,068 shares of the bank’s stock valued at $696,489,000 after acquiring an additional 39,554 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Cullen/Frost Bankers by 9.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 31,607 shares of the bank’s stock worth $4,501,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth approximately $211,000. 81.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CFR. Royal Bank of Canada boosted their price objective on Cullen/Frost Bankers from $148.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 28th. Wedbush restated a “neutral” rating and set a $140.00 price target on shares of Cullen/Frost Bankers in a research note on Wednesday, September 28th. Bank of America raised shares of Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, January 5th. JPMorgan Chase & Co. reduced their price objective on shares of Cullen/Frost Bankers from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Tuesday, December 13th. Finally, Wolfe Research cut shares of Cullen/Frost Bankers from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus target price of $152.38.

Cullen/Frost Bankers Company Profile

(Get Rating)

Cullen/Frost Bankers, Inc operates as a bank holding company of Frost Bank, which engages in the provision of commercial and consumer banking services. It operates through the following segments: Banking and Frost Wealth Advisors. The Banking operating segment includes both commercial and consumer banking services and Frost Insurance Agency.

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