ProShare Advisors LLC Increases Holdings in Cullen/Frost Bankers, Inc. $CFR

ProShare Advisors LLC raised its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 268,194 shares of the bank’s stock after acquiring an additional 9,612 shares during the quarter. ProShare Advisors LLC’s holdings in Cullen/Frost Bankers were worth $33,961,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CFR. M&T Bank Corp grew its position in Cullen/Frost Bankers by 13.5% in the fourth quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock valued at $13,822,000 after acquiring an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Cullen/Frost Bankers by 863.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after purchasing an additional 19,221 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Cullen/Frost Bankers by 62.0% during the third quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock worth $4,910,000 after purchasing an additional 14,831 shares in the last quarter. Truist Financial Corp lifted its position in shares of Cullen/Frost Bankers by 21.8% during the third quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock worth $5,110,000 after purchasing an additional 7,217 shares in the last quarter. Finally, Marshall Financial Group LLC purchased a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at $1,142,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 1.0%

CFR opened at $139.60 on Thursday. The stock has a market capitalization of $8.77 billion, a PE ratio of 13.59, a P/E/G ratio of 3.52 and a beta of 0.58. The firm’s fifty day moving average price is $138.30 and its 200 day moving average price is $134.83. 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 $148.97.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.16. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period last year, the business earned $2.30 EPS. As a group, research analysts expect that Cullen/Frost Bankers, Inc. will post 10.41 EPS for the current fiscal 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 dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Cullen/Frost Bankers’s dividend payout ratio is 38.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a report on Thursday, May 7th. Cantor Fitzgerald boosted their price objective on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Stephens upgraded Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 target price for the company in a research note on Tuesday, May 5th. Morgan Stanley lowered their target price on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Finally, DA Davidson boosted their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $148.73.

About Cullen/Frost Bankers

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.