Fieldview Capital Management LLC Buys Shares of 14,262 Cullen/Frost Bankers, Inc. $CFR

Fieldview Capital Management LLC bought a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,262 shares of the bank’s stock, valued at approximately $1,806,000.

Other institutional investors have also modified their holdings of the company. M&T Bank Corp grew its stake in shares of 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 buying an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Cullen/Frost Bankers by 863.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock worth $2,716,000 after purchasing an additional 19,221 shares during the period. ProShare Advisors LLC boosted its position in shares of Cullen/Frost Bankers by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock worth $33,961,000 after acquiring an additional 9,612 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Cullen/Frost Bankers by 915.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock worth $5,456,000 after acquiring an additional 38,796 shares in the last quarter. Finally, Marshall Financial Group LLC acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $1,142,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CFR has been the subject of a number of research analyst reports. Stephens raised 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 report on Tuesday, May 5th. Citigroup upped their price objective on Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a research note on Thursday, May 7th. Barclays upped their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $148.73.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $148.01 on Friday. Cullen/Frost Bankers, Inc. has a 1-year low of $119.00 and a 1-year high of $148.97. The company has a market capitalization of $9.29 billion, a P/E ratio of 14.41, a PEG ratio of 3.75 and a beta of 0.55. The business has a 50 day moving average price of $140.28 and a 200 day moving average price of $136.72. 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 (NYSE:CFR) last released its quarterly earnings data 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 return on equity of 15.58% and a net margin of 22.86%.The firm had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.29 million. During the same period last year, the business posted $2.30 EPS. Sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 10.46 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

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