Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,322 shares of the bank’s stock after purchasing an additional 766 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Cullen/Frost Bankers were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Champlain Investment Partners LLC grew its stake in shares of Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock valued at $381,897,000 after buying an additional 244,445 shares in the last quarter. Montrusco Bolton Investments Inc. grew its position in Cullen/Frost Bankers by 10.2% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock valued at $135,252,000 after acquiring an additional 111,719 shares in the last quarter. Janus Henderson Group PLC increased its stake in Cullen/Frost Bankers by 18.8% during the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock worth $114,994,000 after purchasing an additional 161,580 shares during the period. Boston Trust Walden Corp acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth about $107,166,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cullen/Frost Bankers by 14.4% in the second quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank’s stock valued at $96,856,000 after purchasing an additional 120,333 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CFR shares. Royal Bank of Canada increased their target price on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Citigroup increased their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Truist Financial lowered their target price on Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Wedbush reduced their price target on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Morgan Stanley cut their target price on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a research note on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $123.86.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares in the company, valued at approximately $13,026,597.08. This represents a 13.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares of the company’s stock, valued at approximately $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,864 shares of company stock valued at $2,977,033 in the last ninety days. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Up 2.0 %

CFR opened at $142.32 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.72 and a beta of 0.98. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $144.89. The business’s fifty day moving average is $124.07 and its two-hundred day moving average is $112.05.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The business had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. During the same period in the previous year, the firm earned $2.38 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.71 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.67%. Cullen/Frost Bankers’s dividend payout ratio is presently 47.15%.

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.