Pacer Advisors Inc. Takes $1.08 Million Position in Cullen/Frost Bankers, Inc. $CFR

Pacer Advisors Inc. purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,480 shares of the bank’s stock, valued at approximately $1,075,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after buying an additional 264 shares in the last quarter. eCIO Inc. purchased a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at $36,000. Farther Finance Advisors LLC increased its stake in shares of Cullen/Frost Bankers by 105.2% in the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after acquiring an additional 182 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after acquiring an additional 106 shares in the last quarter. Finally, MAI Capital Management raised its holdings in shares of Cullen/Frost Bankers by 171.0% during the second quarter. MAI Capital Management now owns 393 shares of the bank’s stock worth $51,000 after acquiring an additional 248 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. The trade was a 15.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CFR. Morgan Stanley lifted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Evercore ISI raised their price objective on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Cantor Fitzgerald assumed coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 target price for the company. Barclays dropped their price target on shares of Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Finally, Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $135.55.

Cullen/Frost Bankers Trading Down 1.3%

Shares of CFR stock opened at $126.60 on Friday. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $146.44. The company has a market cap of $8.09 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.94 and a beta of 0.63. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $125.51 and its two-hundred day moving average is $127.61.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. The business had revenue of $567.27 million during the quarter, compared to analysts’ expectations of $565.54 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. During the same period in the previous year, the company earned $2.24 earnings per share. Equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $1.00 dividend. The ex-dividend date was Friday, November 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.2%. Cullen/Frost Bankers’s payout ratio is presently 41.15%.

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.