GW&K Investment Management LLC Buys 46,299 Shares of Cullen/Frost Bankers, Inc. $CFR

GW&K Investment Management LLC increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 13.1% in the third quarter, Holdings Channel reports. The institutional investor owned 400,040 shares of the bank’s stock after acquiring an additional 46,299 shares during the period. GW&K Investment Management LLC’s holdings in Cullen/Frost Bankers were worth $50,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Champlain Investment Partners LLC raised its stake in shares of Cullen/Frost Bankers by 1.0% in the second quarter. Champlain Investment Partners LLC now owns 1,734,222 shares of the bank’s stock valued at $222,917,000 after acquiring an additional 16,771 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cullen/Frost Bankers by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank’s stock valued at $150,529,000 after purchasing an additional 77,028 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cullen/Frost Bankers by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,154,566 shares of the bank’s stock valued at $149,558,000 after purchasing an additional 9,332 shares during the last quarter. Impax Asset Management Group plc raised its position in Cullen/Frost Bankers by 11.9% in the 3rd quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank’s stock worth $116,734,000 after purchasing an additional 97,955 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Cullen/Frost Bankers by 3.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 831,752 shares of the bank’s stock worth $105,441,000 after purchasing an additional 25,000 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the transaction, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at $481,965. This trade represents a 15.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,700 shares of company stock valued at $225,970 in the last ninety days. Corporate insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CFR shares. Keefe, Bruyette & Woods upped their target price on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Royal Bank Of Canada upped their price objective on 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. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Barclays boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Finally, Cantor Fitzgerald raised their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $142.67.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $139.73 on Thursday. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $148.97. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $138.66 and a two-hundred day simple moving average of $130.55. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 5.16 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $562.58 million for the quarter, compared to analyst estimates of $578.05 million. During the same quarter last year, the firm posted $2.36 earnings per share. On average, analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued 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 currently 40.32%.

Cullen/Frost Bankers 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.