Cullen/Frost Bankers, Inc. $CFR Shares Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 328,489 shares of the bank’s stock after purchasing an additional 6,361 shares during the period. Deprince Race & Zollo Inc. owned about 0.52% of Cullen/Frost Bankers worth $45,029,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. M&T Bank Corp grew its position in shares of Cullen/Frost Bankers by 13.5% in the 4th quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock worth $13,822,000 after acquiring an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Cullen/Frost Bankers by 863.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after acquiring an additional 19,221 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Cullen/Frost Bankers by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock valued at $33,961,000 after acquiring an additional 9,612 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in Cullen/Frost Bankers by 915.0% during the third quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock worth $5,456,000 after purchasing an additional 38,796 shares during the last quarter. Finally, Marshall Financial Group LLC bought a new position in Cullen/Frost Bankers during the fourth quarter worth $1,142,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Up 0.9%

Cullen/Frost Bankers stock opened at $155.90 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers, Inc. has a one year low of $119.00 and a one year high of $157.08. The company has a 50-day simple moving average of $142.44 and a 200-day simple moving average of $139.02. The firm has a market capitalization of $9.79 billion, a P/E ratio of 15.18, a P/E/G ratio of 3.89 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.28 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period last year, the firm posted $2.30 EPS. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 10.54 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio is presently 40.12%.

Analyst Ratings Changes

A number of brokerages have weighed in on CFR. DA Davidson increased their target price on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective for the company in a research report on Tuesday, May 5th. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Barclays increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $150.73.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president directly owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.14% of the company’s stock.

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.