Cullen/Frost Bankers, Inc. $CFR Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,582 shares of the bank’s stock after selling 29,168 shares during the period. ProShare Advisors LLC owned about 0.40% of Cullen/Frost Bankers worth $32,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Cullen/Frost Bankers during the 3rd quarter worth $26,000. GoalVest Advisory LLC purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. boosted its stake in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after buying an additional 264 shares during the period. Farther Finance Advisors LLC grew its position in shares of 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. increased its stake in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares in the company, valued at $481,965. This trade represents a 15.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,700 shares of company stock worth $225,970. 1.20% of the stock is owned by insiders.

Cullen/Frost Bankers Price Performance

Shares of CFR opened at $146.40 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $148.29. The firm has a 50-day simple moving average of $133.97 and a 200-day simple moving average of $128.74. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 5.41 and a beta of 0.65.

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

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. Cullen/Frost Bankers’s payout ratio is currently 40.32%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CFR. TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. DA Davidson increased their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Loop Capital set a $160.00 price objective on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Citigroup boosted their target price on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.92.

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.