Nykredit A S Buys New Shares in Cullen/Frost Bankers, Inc. $CFR

Nykredit A S purchased a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,129 shares of the bank’s stock, valued at approximately $483,000.

Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC purchased a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $28,000. Covestor Ltd boosted its holdings 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 acquiring an additional 100 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Cullen/Frost Bankers in the second quarter worth $37,000. Global Retirement Partners LLC purchased a new position in shares of Cullen/Frost Bankers during the second quarter worth $38,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Cullen/Frost Bankers during the first quarter valued at $41,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $163.78 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $10.18 billion, a PE ratio of 15.48, a P/E/G ratio of 2.49 and a beta of 0.52. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week high of $170.80. The company has a fifty day moving average of $162.66 and a two-hundred day moving average of $148.20.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.15. The business had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter last year, the business earned $2.39 earnings per share. As a group, research analysts forecast that Cullen/Frost Bankers, Inc. will post 10.91 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Analyst Upgrades and Downgrades

CFR has been the subject of several analyst reports. Raymond James Financial reissued a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Zacks Research cut shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Cantor Fitzgerald lifted their target price on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Finally, 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 report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $166.67.

Insider Buying and Selling

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

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.