Cullen/Frost Bankers, Inc. $CFR Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 65.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,172 shares of the bank’s stock after purchasing an additional 5,993 shares during the quarter. Tributary Capital Management LLC’s holdings in Cullen/Frost Bankers were worth $1,923,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CFR. GoalVest Advisory LLC acquired a new position in Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Hantz Financial Services Inc. raised its stake in shares of Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares during the period. eCIO Inc. purchased a new stake in shares of Cullen/Frost Bankers during the first quarter valued at approximately $36,000. Farther Finance Advisors LLC lifted its position in shares of Cullen/Frost Bankers by 105.2% during the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after purchasing an additional 182 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at $481,965. This trade represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, September 10th. They set a “neutral” rating and a $138.00 price target on the stock. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Morgan Stanley boosted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. Evercore ISI raised their price objective on Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Finally, Citigroup lifted their price objective on Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $135.73.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $134.68 on Thursday. The stock has a market capitalization of $8.61 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63. The business’s fifty day moving average price is $126.24 and its 200 day moving average price is $127.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. The firm had revenue of $567.27 million during the quarter, compared to analyst estimates of $565.54 million. During the same quarter in the previous year, the firm earned $2.24 earnings per share. Equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, November 28th. This represents a $4.00 annualized dividend and a yield of 3.0%. Cullen/Frost Bankers’s dividend payout ratio is 41.15%.

Cullen/Frost Bankers 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.