Marshall Financial Group LLC Purchases Shares of 9,015 Cullen/Frost Bankers, Inc. $CFR

Marshall Financial Group LLC purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,015 shares of the bank’s stock, valued at approximately $1,142,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $90,484,000. Two Sigma Investments LP boosted its stake in Cullen/Frost Bankers by 2,024.4% in the third quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock valued at $47,409,000 after acquiring an additional 356,373 shares in the last quarter. Fiera Capital Corp purchased a new position in Cullen/Frost Bankers in the third quarter worth $29,769,000. Millennium Management LLC purchased a new position in Cullen/Frost Bankers in the third quarter worth $29,687,000. Finally, UBS Group AG increased its position in shares of Cullen/Frost Bankers by 197.5% during the third quarter. UBS Group AG now owns 349,601 shares of the bank’s stock worth $44,319,000 after purchasing an additional 232,077 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of CFR opened at $132.34 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. The company’s fifty day moving average price is $139.14 and its 200-day moving average price is $130.91. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $148.97. The firm has a market capitalization of $8.36 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 4.86 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $578.05 million. During the same quarter last year, the business posted $2.36 EPS. On average, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.0%. Cullen/Frost Bankers’s payout ratio is 40.32%.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the sale, the executive vice president owned 28,406 shares in the company, valued at $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

CFR has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised their price objective on Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Barclays upped their target price on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. 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 report on Friday, January 30th. Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a research note on Monday, February 2nd. Finally, Citigroup upped their price objective on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $142.67.

About Cullen/Frost Bankers

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.