Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,855 shares of the bank’s stock after purchasing an additional 3,168 shares during the period. Quadrature Capital Ltd’s holdings in Cullen/Frost Bankers were worth $1,395,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Westwood Holdings Group Inc. increased its position in shares of Cullen/Frost Bankers by 4.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock worth $40,345,000 after purchasing an additional 15,981 shares in the last quarter. First National Bank of Omaha increased its position in shares of Cullen/Frost Bankers by 63.4% in the 4th quarter. First National Bank of Omaha now owns 115,222 shares of the bank’s stock valued at $12,500,000 after acquiring an additional 44,700 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Cullen/Frost Bankers by 2,414.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 153,051 shares of the bank’s stock valued at $16,605,000 after acquiring an additional 146,963 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Cullen/Frost Bankers by 1.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,397 shares of the bank’s stock valued at $1,887,000 after acquiring an additional 270 shares during the period. Finally, Morningstar Investment Management LLC acquired a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at $1,280,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on CFR. Jefferies Financial Group upped their target price on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research report on Monday, April 8th. DA Davidson reissued a “buy” rating and issued a $126.00 target price on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. StockNews.com raised shares of Cullen/Frost Bankers to a “sell” rating in a report on Saturday, May 4th. Evercore ISI upped their price target on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a report on Thursday, March 28th. Finally, Truist Financial lowered their price target on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $117.46.

View Our Latest Stock Analysis on CFR

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,312 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the transaction, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Trading Down 3.0 %

CFR stock opened at $97.64 on Tuesday. The company’s 50-day simple moving average is $106.26 and its 200-day simple moving average is $106.29. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 52-week low of $82.25 and a 52-week high of $120.31. The firm has a market cap of $6.27 billion, a P/E ratio of 11.54, a PEG ratio of 1.26 and a beta of 1.02.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last posted its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. The business had revenue of $522.74 million for the quarter, compared to analyst estimates of $510.09 million. During the same period in the prior year, the company posted $2.70 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.43 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 30th. Cullen/Frost Bankers’s dividend payout ratio is presently 43.50%.

About Cullen/Frost Bankers

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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