6,095 Shares in Cullen/Frost Bankers, Inc. $CFR Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 6,095 shares of the bank’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CFR. Private Advisor Group LLC grew its holdings in Cullen/Frost Bankers by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after acquiring an additional 94 shares during the period. Cardinal Capital Management lifted its stake in shares of Cullen/Frost Bankers by 0.5% in the 4th quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock valued at $2,296,000 after purchasing an additional 98 shares during the period. Evolve Private Wealth LLC lifted its stake in shares of Cullen/Frost Bankers by 6.0% in the 1st quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock valued at $237,000 after purchasing an additional 98 shares during the period. Covestor Ltd boosted its position in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Cullen/Frost Bankers by 0.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock worth $1,771,000 after purchasing an additional 100 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $167.33 on Wednesday. The business’s 50-day moving average price is $158.53 and its two-hundred day moving average price is $146.14. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. The firm has a market cap of $10.40 billion, a PE ratio of 15.82, a P/E/G ratio of 2.63 and a beta of 0.53. Cullen/Frost Bankers, Inc. has a 1-year low of $119.00 and a 1-year high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.The company had revenue of $576.01 million during the quarter, compared to the consensus estimate of $589.72 million. During the same period in the prior year, the company earned $2.39 earnings per share. As a group, research analysts forecast that Cullen/Frost Bankers, Inc. will post 10.8 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $1.03 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. Cullen/Frost Bankers’s payout ratio is currently 38.94%.

Insider Activity

In related 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 value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Zacks Research upgraded Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their target price on Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. DA Davidson upped their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Cantor Fitzgerald increased their price target on shares of Cullen/Frost Bankers from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $160.33.

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.