Cullen/Frost Bankers (NYSE:CFR) EVP Carol Jean Severyn Sells 837 Shares

Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Carol Jean Severyn sold 837 shares of the stock in a transaction dated Friday, June 12th. The stock was 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 of the company’s stock, valued at $1,885,062.48. This represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Cullen/Frost Bankers Stock Performance

NYSE:CFR traded down $2.17 on Monday, reaching $145.83. 418,641 shares of the company’s stock were exchanged, compared to its average volume of 549,934. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 3.75 and a beta of 0.55. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $148.97. The stock has a fifty day simple moving average of $140.28 and a 200-day simple moving average of $136.81.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The company had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $587.29 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period in the previous year, the business earned $2.30 earnings per share. As a group, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 10.46 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.12%.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position 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 worth $209,833,000 after buying an additional 236,808 shares in the last quarter. Geode Capital Management LLC grew its position in Cullen/Frost Bankers by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after buying an additional 10,246 shares in the last quarter. Bank of America Corp DE grew its position in Cullen/Frost Bankers by 11.8% during the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock worth $165,966,000 after buying an additional 127,483 shares in the last quarter. Northern Trust Corp grew its position in Cullen/Frost Bankers by 2.3% during 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 in the last quarter. Finally, First Trust Advisors LP lifted its position in Cullen/Frost Bankers by 6.2% during the first quarter. First Trust Advisors LP now owns 789,930 shares of the bank’s stock valued at $108,284,000 after purchasing an additional 45,921 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Citigroup lifted their price target on Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a research report on Thursday, May 7th. Barclays lifted their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.73.

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.