Cullen/Frost Bankers, Inc. $CFR Shares Bought 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 first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,489 shares of the bank’s stock after purchasing an additional 6,361 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Cullen/Frost Bankers were worth $45,029,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Advisory Services Network LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Covestor Ltd raised its position in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. raised its position in shares of Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after buying an additional 184 shares in the last quarter. Community Bank N.A. acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $35,000. Finally, Matrix Trust Co lifted its stake in shares of Cullen/Frost Bankers by 40.4% in the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $155.90 on Thursday. The firm’s 50 day moving average is $142.44 and its 200-day moving average is $139.02. The stock 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. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $157.08.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The business had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.28 million. During the same period in the previous year, the firm earned $2.30 EPS. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.54 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on CFR. Cantor Fitzgerald reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday. Royal Bank Of Canada increased their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Citigroup lifted their price target on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Stephens raised Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective on the stock in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.73.

Insider Activity

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers 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.