Cullen/Frost Bankers, Inc. $CFR Stock Position Trimmed by First National Bank of Omaha

First National Bank of Omaha cut its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,389 shares of the bank’s stock after selling 13,810 shares during the quarter. First National Bank of Omaha owned about 0.14% of Cullen/Frost Bankers worth $11,193,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Covestor Ltd lifted its position in Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. lifted its position in Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Community Bank N.A. bought a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $35,000. Finally, Matrix Trust Co lifted its position in 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 purchasing an additional 92 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CFR shares. Royal Bank Of Canada lifted their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Stephens upgraded shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective on the stock in a research report on Tuesday, May 5th. Morgan Stanley lowered their target price on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Cantor Fitzgerald reissued a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. Finally, Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One research 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $148.73.

Cullen/Frost Bankers Stock Up 1.3%

Cullen/Frost Bankers stock opened at $148.01 on Friday. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 3.70 and a beta of 0.55. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $140.28 and its two-hundred day moving average price is $136.72. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $2.30 EPS. On average, analysts expect that Cullen/Frost Bankers, Inc. will post 10.46 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

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

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.