Susquehanna Fundamental Investments LLC Boosts Position in Cullen/Frost Bankers, Inc. $CFR

Susquehanna Fundamental Investments LLC raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1,296.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,623 shares of the bank’s stock after buying an additional 78,565 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.14% of Cullen/Frost Bankers worth $13,076,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Cullen/Frost Bankers in the 2nd quarter valued at $1,133,453,000. Norges Bank purchased a new stake in Cullen/Frost Bankers during the 4th quarter worth $92,904,000. Jupiter Topco LLC purchased a new stake in Cullen/Frost Bankers during the 2nd quarter worth $94,297,000. William Blair Investment Management LLC acquired a new stake in Cullen/Frost Bankers in the 2nd quarter valued at $89,425,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Cullen/Frost Bankers in the 2nd quarter valued at $80,127,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CFR shares. Royal Bank Of Canada boosted their price objective on Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Zacks Research upgraded Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Barclays raised their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $135.00 to $160.00 in a research report on Monday, July 6th. Finally, TD Cowen upped their price target on Cullen/Frost Bankers from $169.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $161.75.

Cullen/Frost Bankers Trading Up 0.1%

Shares of CFR opened at $161.90 on Monday. Cullen/Frost Bankers, Inc. has a one year low of $119.00 and a one year high of $170.80. The stock has a 50-day moving average price of $161.35 and a 200 day moving average price of $147.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $10.06 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.48 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same period in the prior year, the company posted $2.39 EPS. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 10.9 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.12 annualized dividend and a yield of 2.5%. Cullen/Frost Bankers’s dividend payout ratio is currently 38.94%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the transaction, the executive vice president directly owned 12,712 shares in the company, valued at $1,885,062.48. This represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.14% of the stock is owned by company insiders.

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.