Cullen/Frost Bankers, Inc. $CFR Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,689,642 shares of the bank’s stock after selling 44,580 shares during the quarter. Cullen/Frost Bankers comprises 1.6% of Champlain Investment Partners LLC’s holdings, making the stock its 9th largest position. Champlain Investment Partners LLC’s holdings in Cullen/Frost Bankers were worth $214,196,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of Cullen/Frost Bankers by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after acquiring an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cullen/Frost Bankers by 9.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock valued at $20,896,000 after purchasing an additional 15,063 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares during the period. AlphaQuest LLC increased its holdings in shares of Cullen/Frost Bankers by 8.0% during the 2nd quarter. AlphaQuest LLC now owns 1,082 shares of the bank’s stock worth $139,000 after buying an additional 80 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Cullen/Frost Bankers by 8.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,616 shares of the bank’s stock valued at $2,007,000 after buying an additional 1,184 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $140.33 on Tuesday. 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 has a market cap of $8.87 billion, a P/E ratio of 14.15, a P/E/G ratio of 5.08 and a beta of 0.63. The stock has a 50-day moving average of $138.22 and a two-hundred day moving average of $130.38. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating the consensus estimate of $2.47 by $0.09. The business had revenue of $562.58 million during the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter last year, the firm posted $2.36 earnings per share. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.00 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. Cullen/Frost Bankers’s payout ratio is 40.32%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the sale, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. This represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,700 shares of company stock valued at $225,970. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CFR. DA Davidson raised their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a report on Monday, February 2nd. TD Cowen restated a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Citigroup increased 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, Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.50.

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.