DB&C Advisors LLC Makes New Investment in Cullen/Frost Bankers, Inc. $CFR

DB&C Advisors LLC purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,250 shares of the bank’s stock, valued at approximately $1,678,000. Cullen/Frost Bankers makes up approximately 2.1% of DB&C Advisors LLC’s portfolio, making the stock its 14th biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Cullen/Frost Bankers by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after acquiring an additional 10,246 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cullen/Frost Bankers by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank’s stock worth $150,529,000 after acquiring an additional 77,028 shares in the last quarter. Bank of America Corp DE boosted its holdings in Cullen/Frost Bankers by 8.5% in the third quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock worth $143,209,000 after acquiring an additional 88,080 shares in the last quarter. Northern Trust Corp boosted its holdings in Cullen/Frost Bankers by 2.3% in the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after acquiring an additional 21,793 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in Cullen/Frost Bankers by 11.9% in the third quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank’s stock worth $116,734,000 after acquiring an additional 97,955 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CFR. Barclays raised their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Royal Bank Of Canada raised their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. DA Davidson raised their price objective on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Citigroup raised their price objective on Cullen/Frost Bankers from $125.00 to $131.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $148.73.

Cullen/Frost Bankers Stock Up 1.9%

Shares of CFR stock opened at $140.46 on Friday. The stock has a market cap of $8.82 billion, a P/E ratio of 13.68, a P/E/G ratio of 3.55 and a beta of 0.55. Cullen/Frost Bankers, Inc. has a twelve month low of $119.00 and a twelve month high of $148.97. The stock has a 50 day moving average of $139.44 and a 200 day moving average of $135.89. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $587.29 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period in the previous year, the business earned $2.30 earnings per share. As a group, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 10.46 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.12%.

About Cullen/Frost Bankers

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.