Ceredex Value Advisors LLC Purchases New Holdings in Cullen/Frost Bankers, Inc. $CFR

Ceredex Value Advisors LLC acquired a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 82,150 shares of the bank’s stock, valued at approximately $12,694,000. Ceredex Value Advisors LLC owned approximately 0.13% of Cullen/Frost Bankers as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted 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 valued at $416,000 after purchasing an additional 94 shares in the last quarter. Cardinal Capital Management raised its position in Cullen/Frost Bankers by 0.5% during the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock valued at $2,296,000 after buying an additional 98 shares during the period. Evolve Private Wealth LLC raised its position in Cullen/Frost Bankers by 6.0% during the first quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock valued at $237,000 after buying an additional 98 shares during the period. Covestor Ltd lifted its stake in Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Cullen/Frost Bankers by 0.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock worth $1,771,000 after acquiring an additional 100 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFR has been the topic of several research analyst reports. Barclays lifted their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada increased their price target on shares of Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $161.75.

Get Our Latest Stock Analysis on Cullen/Frost Bankers

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $165.06 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week high of $170.80. The stock’s 50-day moving average is $159.31 and its two-hundred day moving average is $146.52. The firm has a market cap of $10.26 billion, a P/E ratio of 15.60, a PEG ratio of 2.55 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $576.01 million during the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same period last year, the business earned $2.39 EPS. Analysts predict that Cullen/Frost Bankers, Inc. will post 10.8 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 38.94%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the sale, the executive vice president directly owned 12,712 shares in the company, valued at $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Company 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.

Further Reading

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

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