Oak Thistle LLC Takes $1.83 Million Position in Cullen/Frost Bankers, Inc. $CFR

Oak Thistle LLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 14,485 shares of the bank’s stock, valued at approximately $1,834,000.

A number of other institutional investors also recently made changes to their positions in the business. Diversified Trust Co. boosted its holdings in shares of Cullen/Frost Bankers by 0.5% in the fourth quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock worth $1,756,000 after buying an additional 74 shares during the last quarter. Matrix Trust Co boosted its holdings in shares of Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Cullen/Frost Bankers by 2.9% in the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after buying an additional 94 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of Cullen/Frost Bankers by 6.2% in the third quarter. Wedmont Private Capital now owns 1,687 shares of the bank’s stock worth $215,000 after buying an additional 99 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,000 shares of the firm’s 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 directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Trading Up 2.1%

Cullen/Frost Bankers stock opened at $143.19 on Thursday. The stock has a market cap of $9.02 billion, a P/E ratio of 14.43, a PEG ratio of 5.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. Cullen/Frost Bankers, Inc. has a 1 year low of $101.76 and a 1 year high of $148.97. The firm’s 50 day moving average price is $139.02 and its 200-day moving average price is $131.76.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $578.05 million. During the same period last year, the firm posted $2.36 earnings per share. On average, equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.00 dividend. 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 2.8%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.32%.

Analysts Set New Price Targets

CFR has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. TD Cowen reissued a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Loop Capital set a $160.00 target price on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.25.

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.