Handelsbanken Fonder AB Has $2.86 Million Position in Cullen/Frost Bankers, Inc. $CFR

Handelsbanken Fonder AB boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 20.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,616 shares of the bank’s stock after acquiring an additional 3,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cullen/Frost Bankers were worth $2,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp boosted its stake in shares of Cullen/Frost Bankers by 13.5% in the 4th quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock valued at $13,822,000 after purchasing an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Cullen/Frost Bankers by 863.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after purchasing an additional 19,221 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Cullen/Frost Bankers by 62.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock valued at $4,910,000 after purchasing an additional 14,831 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Cullen/Frost Bankers by 21.8% in the 3rd quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock valued at $5,110,000 after purchasing an additional 7,217 shares in the last quarter. Finally, Marshall Financial Group LLC acquired a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at $1,142,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CFR. Keefe, Bruyette & Woods boosted their target price on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Loop Capital set a $160.00 target price on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Finally, Cantor Fitzgerald upped 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 report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $148.73.

Cullen/Frost Bankers Stock Up 0.3%

Shares of NYSE CFR opened at $139.41 on Friday. The firm’s 50-day simple moving average is $138.52 and its 200 day simple moving average is $134.97. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.55 and a beta of 0.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. The business had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter in the prior year, the company earned $2.30 EPS. On average, research analysts expect that Cullen/Frost Bankers, Inc. will post 10.41 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $1.03 dividend. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Cullen/Frost Bankers’s payout ratio is 38.95%.

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.