Amalgamated Bank Decreases Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Amalgamated Bank cut its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,986 shares of the bank’s stock after selling 1,034 shares during the quarter. Amalgamated Bank owned about 0.06% of Cullen/Frost Bankers worth $4,230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Cullen/Frost Bankers by 6.3% in the third quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock worth $134,663,000 after purchasing an additional 88,042 shares during the last quarter. Montrusco Bolton Investments Inc. grew its holdings in Cullen/Frost Bankers by 12.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 647,965 shares of the bank’s stock worth $59,101,000 after acquiring an additional 72,458 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Cullen/Frost Bankers by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 489,098 shares of the bank’s stock worth $44,611,000 after acquiring an additional 15,046 shares during the period. Sei Investments Co. grew its holdings in Cullen/Frost Bankers by 5.8% during the third quarter. Sei Investments Co. now owns 314,657 shares of the bank’s stock worth $28,700,000 after acquiring an additional 17,141 shares during the period. Finally, Invesco Ltd. grew its holdings in Cullen/Frost Bankers by 0.6% during the third quarter. Invesco Ltd. now owns 297,436 shares of the bank’s stock worth $27,129,000 after acquiring an additional 1,832 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFR has been the topic of several research analyst reports. Stephens raised their price objective on Cullen/Frost Bankers from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. StockNews.com raised Cullen/Frost Bankers to a “sell” rating in a report on Saturday, May 4th. Jefferies Financial Group raised their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a report on Monday, April 8th. Morgan Stanley raised their price objective on Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Truist Financial lowered their price target on Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $117.46.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the sale, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now directly owns 96,380 shares in the company, valued at $10,543,972. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.8 %

Shares of Cullen/Frost Bankers stock opened at $106.95 on Thursday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.32 and a beta of 1.04. The stock has a 50 day moving average of $108.84 and a 200 day moving average of $104.71.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter in the prior year, the business posted $2.70 earnings per share. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.43 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 3.44%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 43.50%.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.