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

Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the sale, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cullen/Frost Bankers Stock Down 2.0%

Cullen/Frost Bankers stock opened at $145.02 on Tuesday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week high of $148.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50 day moving average price of $140.41 and a 200 day moving average price of $136.95. The company has a market capitalization of $9.11 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.75 and a beta of 0.55.

Cullen/Frost Bankers (NYSE:CFR) last posted its 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. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The firm had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.29 million. During the same quarter last year, the firm earned $2.30 EPS. Research analysts expect 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 announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $1.03 dividend. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, May 29th. This represents a $4.12 annualized dividend and a yield of 2.8%. Cullen/Frost Bankers’s payout ratio is 40.12%.

Analyst Ratings Changes

Several analysts recently weighed in on CFR shares. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. DA Davidson lifted their target price on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Barclays lifted their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price target for the company in a research report on Tuesday, May 5th. Finally, TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $148.73.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth $28,000. Covestor Ltd lifted its position in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares during the last quarter. Community Bank N.A. purchased a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth $35,000. Finally, Matrix Trust Co lifted its position in shares of Cullen/Frost Bankers by 40.4% during the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after purchasing an additional 92 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.