Cullen/Frost Bankers, Inc. $CFR Stock Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 26.3% during the third quarter, Holdings Channel reports. The institutional investor owned 18,716 shares of the bank’s stock after acquiring an additional 3,900 shares during the period. Handelsbanken Fonder AB’s holdings in Cullen/Frost Bankers were worth $2,373,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Cullen/Frost Bankers during the third quarter worth approximately $26,000. GoalVest Advisory LLC bought a new position in Cullen/Frost Bankers during the 3rd quarter valued at $28,000. Hantz Financial Services Inc. increased its position in shares of Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers by 105.2% in the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock valued at $45,000 after buying an additional 182 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the sale, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. This trade represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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. The trade was a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,700 shares of company stock worth $225,970 over the last ninety days. Insiders own 1.20% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.4%

Cullen/Frost Bankers stock opened at $140.82 on Wednesday. The company’s fifty day moving average price is $138.45 and its two-hundred day moving average price is $130.49. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $148.97. 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 capitalization of $8.90 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 5.15 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $562.58 million for 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 period last year, the business posted $2.36 EPS. On average, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, February 27th. Cullen/Frost Bankers’s payout ratio is currently 40.32%.

Wall Street Analysts Forecast Growth

CFR has been the topic of several research reports. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Royal Bank Of Canada increased their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Morgan Stanley upped their price target on Cullen/Frost Bankers from $136.00 to $143.00 and gave the company an “underweight” rating in a report on Monday. Barclays lifted their target price on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently 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.