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

Lido Advisors LLC raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,289 shares of the bank’s stock after acquiring an additional 6,212 shares during the quarter. Lido Advisors LLC owned approximately 0.23% of Cullen/Frost Bankers worth $18,925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $26,000. GoalVest Advisory LLC purchased a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $28,000. Community Bank N.A. purchased a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $35,000. Farther Finance Advisors LLC boosted its position in Cullen/Frost Bankers by 105.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock valued at $45,000 after buying an additional 182 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Trading Down 0.1%

NYSE CFR opened at $131.99 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $8.34 billion, a PE ratio of 13.31, a P/E/G ratio of 4.85 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $148.97. The firm’s fifty day moving average is $139.52 and its two-hundred day moving average is $130.85.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter in the prior year, the firm earned $2.36 earnings per share. Analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the transaction, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CFR. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Cantor Fitzgerald lifted their target price on Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Barclays boosted their target price on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. DA Davidson increased their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $142.67.

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.