Cullen/Frost Bankers, Inc. $CFR Shares Purchased by Lido Advisors LLC

Lido Advisors LLC boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,854 shares of the bank’s stock after acquiring an additional 14,918 shares during the quarter. Lido Advisors LLC owned 0.25% of Cullen/Frost Bankers worth $23,947,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. EFG International AG bought a new stake in shares of Cullen/Frost Bankers during the second quarter worth $5,906,000. Squarepoint Ops LLC boosted its stake in shares of Cullen/Frost Bankers by 327.0% during the second quarter. Squarepoint Ops LLC now owns 34,023 shares of the bank’s stock valued at $5,257,000 after purchasing an additional 26,055 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Cullen/Frost Bankers by 22.6% during the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after purchasing an additional 511,784 shares during the period. State Street Corp grew its holdings in shares of Cullen/Frost Bankers by 3.8% in the second quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock worth $497,292,000 after purchasing an additional 118,313 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Cullen/Frost Bankers in the second quarter worth about $7,345,000. Institutional investors own 86.90% of the company’s stock.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 2,406 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $157.10, for a total transaction of $377,982.60. Following the transaction, the executive vice president directly owned 28,406 shares in the company, valued at $4,462,582.60. This represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew Bradley Henson sold 534 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $159.72, for a total transaction of $85,290.48. Following the transaction, the chief accounting officer directly owned 317 shares in the company, valued at $50,631.24. This trade represents a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,840 shares of company stock worth $922,169 over the last three months. 1.14% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Trading Down 0.0%

Shares of NYSE CFR opened at $158.12 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $157.12 and a two-hundred day simple moving average of $149.60. The firm has a market cap of $9.83 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.69 and a beta of 0.52. Cullen/Frost Bankers, Inc. has a twelve month low of $119.14 and a twelve month high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 16.27% and a net margin of 23.37%. The business had revenue of $603.83 million during the quarter, compared to analysts’ expectations of $610.19 million. During the same period in the prior year, the business earned $2.67 EPS. Analysts expect that Cullen/Frost Bankers, Inc. will post 11.02 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 30th. Cullen/Frost Bankers’s payout ratio is presently 38.33%.

Wall Street Analyst Weigh In

CFR has been the topic of several recent analyst reports. Cantor Fitzgerald reduced their price target on shares of Cullen/Frost Bankers from $175.00 to $167.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 14th. Wall Street Zen raised shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. TD Cowen lowered their price objective on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Zacks Research downgraded shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Tuesday, October 13th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $171.55.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc. is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and other financial services to individuals and businesses. Frost Bank’s services include consumer and commercial banking, lending, treasury management, and wealth management, including trust and investment services. The company primarily serves customers across Texas through its branches and digital banking channels. The company traces its roots to 1868, when Thomas Claiborne Frost established a mercantile business in San Antonio; banking became part of the business later in the 19th century.