Everpar Advisors LLC Takes Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Everpar Advisors LLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,687 shares of the bank’s stock, valued at approximately $508,000.

A number of other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Cullen/Frost Bankers by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,139 shares of the bank’s stock valued at $56,538,000 after purchasing an additional 32,041 shares during the period. Private Advisor Group LLC bought a new stake in Cullen/Frost Bankers in the fourth quarter worth about $326,000. Legacy Financial Advisors Inc. lifted its holdings in Cullen/Frost Bankers by 81.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 8,840 shares of the bank’s stock valued at $959,000 after acquiring an additional 3,981 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Cullen/Frost Bankers by 743.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 852 shares of the bank’s stock valued at $93,000 after purchasing an additional 751 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of Cullen/Frost Bankers by 38.8% in the 4th quarter. Natixis Advisors L.P. now owns 17,051 shares of the bank’s stock worth $1,849,000 after purchasing an additional 4,762 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

CFR traded up $0.63 on Tuesday, hitting $106.11. 453,481 shares of the stock traded hands, compared to its average volume of 427,644. Cullen/Frost Bankers, Inc. has a 52 week low of $82.25 and a 52 week high of $120.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.82 billion, a PE ratio of 12.54, a P/E/G ratio of 1.32 and a beta of 1.04. The business has a fifty day moving average price of $108.84 and a two-hundred day moving average price of $104.70.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share 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 quarter in the prior year, the business earned $2.70 EPS. On average, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.43 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, May 31st. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 43.50%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on shares of Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Jefferies Financial Group increased 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. DA Davidson reaffirmed a “buy” rating and set a $126.00 target price on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Evercore ISI increased their price target on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a research report on Thursday, March 28th. Finally, Truist Financial decreased their price target on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating for the company in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $117.46.

Insider Buying and Selling

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

Cullen/Frost Bankers Company 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.