Ceredex Value Advisors LLC Buys Shares of 82,150 Cullen/Frost Bankers, Inc. $CFR

Ceredex Value Advisors LLC purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 82,150 shares of the bank’s stock, valued at approximately $12,694,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Cullen/Frost Bankers in the 2nd quarter worth approximately $1,133,453,000. Dimensional Fund Advisors LP grew its holdings in Cullen/Frost Bankers by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock valued at $209,833,000 after purchasing an additional 236,808 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cullen/Frost Bankers by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock valued at $155,059,000 after purchasing an additional 10,246 shares during the period. Bank of America Corp DE raised its position in shares of Cullen/Frost Bankers by 11.8% in the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Cullen/Frost Bankers by 2.3% in the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after buying an additional 21,793 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Activity

In other news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Stock Up 0.2%

CFR opened at $165.06 on Friday. The business has a 50 day moving average of $159.31 and a 200-day moving average of $146.52. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 2.55 and a beta of 0.53. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. 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 earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The business had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter in the previous year, the firm posted $2.39 earnings per share. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.8 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on CFR. Barclays upped their price objective on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Cantor Fitzgerald lifted their target price on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $161.75.

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.