Deprince Race & Zollo Inc. Lowers Stake in Cullen/Frost Bankers, Inc. $CFR

Deprince Race & Zollo Inc. cut its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 25.2% during the third quarter, HoldingsChannel reports. The firm owned 206,076 shares of the bank’s stock after selling 69,323 shares during the period. Deprince Race & Zollo Inc.’s holdings in Cullen/Frost Bankers were worth $26,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. M.E. Allison & CO. Inc. lifted its position in shares of Cullen/Frost Bankers by 35.1% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 8,734 shares of the bank’s stock worth $1,123,000 after purchasing an additional 2,270 shares during the period. Legal & General Group Plc lifted its holdings in Cullen/Frost Bankers by 3.4% during the second quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock worth $12,943,000 after buying an additional 3,313 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Cullen/Frost Bankers by 3,892.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock valued at $12,901,000 after acquiring an additional 97,854 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Cullen/Frost Bankers by 18.9% in the 2nd quarter. HB Wealth Management LLC now owns 2,255 shares of the bank’s stock valued at $290,000 after acquiring an additional 358 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Cullen/Frost Bankers by 30.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 102,234 shares of the bank’s stock valued at $13,141,000 after acquiring an additional 23,714 shares during the period. Institutional investors own 86.90% of the company’s stock.

Insider Activity

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

Cullen/Frost Bankers Trading Down 0.4%

Shares of Cullen/Frost Bankers stock opened at $128.52 on Friday. The firm’s 50 day simple moving average is $125.24 and its two-hundred day simple moving average is $127.57. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.99 and a beta of 0.64. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $146.44. 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, October 30th. The bank reported $2.67 EPS for the quarter, topping 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 business had revenue of $567.27 million during the quarter, compared to the consensus estimate of $565.54 million. During the same period in the previous year, the firm posted $2.24 earnings per share. Analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.1%. Cullen/Frost Bankers’s dividend payout ratio is currently 41.15%.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 15th. Evercore ISI boosted their price objective on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Morgan Stanley lifted their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $135.55.

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.