Jefferies Financial Group Inc. Acquires Shares of 7,311 Cullen/Frost Bankers, Inc. $CFR

Jefferies Financial Group Inc. acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,311 shares of the bank’s stock, valued at approximately $926,000.

Other hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $28,000. Covestor Ltd grew its position in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. grew its position in shares of Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after buying an additional 184 shares during the last quarter. Community Bank N.A. purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $35,000. Finally, Matrix Trust Co grew its position in shares of Cullen/Frost Bankers by 40.4% in the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after buying an additional 92 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CFR. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Keefe, Bruyette & Woods increased 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 report on Friday, January 30th. Barclays increased their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada increased 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 report on Friday, May 1st. Finally, Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 target price on the stock in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $148.73.

View Our Latest Stock Analysis on CFR

Cullen/Frost Bankers Price Performance

Shares of CFR opened at $135.62 on Friday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week high of $148.97. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 3.45 and a beta of 0.58. The firm has a 50-day simple moving average of $139.15 and a 200-day simple moving average of $135.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last announced its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The business had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.29 million. During the same quarter in the prior year, the firm earned $2.30 earnings per share. On average, equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.46 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The firm 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 dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, May 29th. Cullen/Frost Bankers’s payout ratio is currently 40.12%.

Cullen/Frost Bankers Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report).

Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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