Boston Trust Walden Corp Trims Holdings in Cullen/Frost Bankers, Inc. $CFR

Boston Trust Walden Corp decreased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 967,849 shares of the bank’s stock after selling 75,905 shares during the quarter. Cullen/Frost Bankers accounts for approximately 1.1% of Boston Trust Walden Corp’s investment portfolio, making the stock its 12th largest holding. Boston Trust Walden Corp’s holdings in Cullen/Frost Bankers were worth $132,673,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers during the third quarter worth $28,000. Covestor Ltd grew its position in 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 purchasing an additional 100 shares during the period. Blue Trust Inc. raised its stake 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 valued at $33,000 after buying an additional 184 shares during the last quarter. Community Bank N.A. purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at about $35,000. Finally, Matrix Trust Co lifted its holdings 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 valued at $41,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.6%

CFR opened at $154.87 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a twelve month low of $119.00 and a twelve month high of $157.34. The company has a market cap of $9.73 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 3.92 and a beta of 0.54. The company has a 50-day moving average price of $142.68 and a 200 day moving average price of $139.20.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.The business had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $587.28 million. During the same quarter in the prior year, the firm earned $2.30 earnings per share. Sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 10.54 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.12 annualized dividend and a yield of 2.7%. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio is currently 40.12%.

Analyst Upgrades and Downgrades

CFR has been the topic of a number of recent research reports. Citigroup upped their target price on Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a research note on Tuesday. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Morgan Stanley raised their price objective on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research note on Monday. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 target price for the company in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $150.73.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the firm’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 in the company, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.