J.W. Cole Advisors Inc. Invests $595,000 in Cullen/Frost Bankers, Inc. (NYSE:CFR)

J.W. Cole Advisors Inc. acquired a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,484 shares of the bank’s stock, valued at approximately $595,000.

Several other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in Cullen/Frost Bankers during the third quarter worth about $27,000. Arvest Investments Inc. acquired a new stake in Cullen/Frost Bankers during the fourth quarter worth about $35,000. Covestor Ltd grew its holdings in Cullen/Frost Bankers by 60.7% during the third quarter. Covestor Ltd now owns 911 shares of the bank’s stock worth $83,000 after acquiring an additional 344 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Cullen/Frost Bankers by 18.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 981 shares of the bank’s stock worth $106,000 after acquiring an additional 154 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Cullen/Frost Bankers by 367.3% during the third quarter. Sunbelt Securities Inc. now owns 1,000 shares of the bank’s stock worth $91,000 after acquiring an additional 786 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the transaction, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Cullen/Frost Bankers 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 sale, the insider now owns 96,380 shares in the company, valued at $10,543,972. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 sale, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR opened at $113.32 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50 day moving average price is $108.77 and its 200-day moving average price is $103.40. The firm has a market capitalization of $7.28 billion, a PE ratio of 12.45, a P/E/G ratio of 1.38 and a beta of 1.04. Cullen/Frost Bankers, Inc. has a 1 year low of $82.25 and a 1 year high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The firm had revenue of $523.66 million for the quarter, compared to analyst estimates of $498.09 million. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. As a group, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.49 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.68 dividend on an annualized basis and a yield of 3.25%. Cullen/Frost Bankers’s payout ratio is 40.44%.

Wall Street Analysts Forecast Growth

CFR has been the topic of several analyst reports. Evercore ISI raised their target price on Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a report on Thursday, March 28th. DA Davidson reissued a “buy” rating and issued a $126.00 price objective on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. Truist Financial raised their price objective on Cullen/Frost Bankers from $114.00 to $121.00 and gave the company a “hold” rating in a report on Monday, April 1st. JPMorgan Chase & Co. raised their price objective on Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Compass Point lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.92.

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.