Signaturefd LLC Increases Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Signaturefd LLC grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 87.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 706 shares of the bank’s stock after acquiring an additional 330 shares during the period. Signaturefd LLC’s holdings in Cullen/Frost Bankers were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Raymond James & Associates lifted its position in shares of Cullen/Frost Bankers by 15.1% in the third quarter. Raymond James & Associates now owns 203,802 shares of the bank’s stock worth $18,589,000 after buying an additional 26,670 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cullen/Frost Bankers by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,213 shares of the bank’s stock worth $932,000 after buying an additional 2,264 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Cullen/Frost Bankers by 14.9% in the third quarter. Inspire Investing LLC now owns 10,578 shares of the bank’s stock worth $965,000 after buying an additional 1,374 shares in the last quarter. First National Bank of Hutchinson lifted its position in shares of Cullen/Frost Bankers by 1.7% in the third quarter. First National Bank of Hutchinson now owns 7,432 shares of the bank’s stock worth $678,000 after buying an additional 121 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Cullen/Frost Bankers by 0.7% in the third quarter. Fifth Third Bancorp now owns 48,798 shares of the bank’s stock worth $4,451,000 after buying an additional 342 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Trading Down 0.9 %

CFR opened at $104.32 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.32 and a beta of 1.03. The stock’s 50 day moving average price is $109.03 and its 200-day moving average price is $104.18. Cullen/Frost Bankers, Inc. has a one year low of $82.25 and a one year high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same period last year, the business earned $2.70 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.42 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.53%. Cullen/Frost Bankers’s payout ratio is 43.50%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CFR. DA Davidson reiterated a “buy” rating and issued a $126.00 target price on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Jefferies Financial Group boosted their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Truist Financial reduced their price objective on Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $117.46.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the sale, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares in the company, valued at $10,543,972. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.