Wedbush Securities Inc. trimmed its place in Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Rating) by 4.3% within the first quarter, HoldingsChannel.com studies. The agency owned 2,671 shares of the financial institution’s inventory after promoting 119 shares through the interval. Wedbush Securities Inc.’s holdings in Cullen/Frost Bankers had been price $370,000 as of its most up-to-date submitting with the Securities and Change Fee.
Different hedge funds and different institutional traders have additionally just lately modified their holdings of the corporate. UMB Financial institution N A MO acquired a brand new place in Cullen/Frost Bankers through the fourth quarter price $25,000. Holloway Wealth Administration LLC acquired a brand new place in Cullen/Frost Bankers through the first quarter price $28,000. Steward Monetary Group LLC acquired a brand new place in Cullen/Frost Bankers through the fourth quarter price $37,000. North Star Funding Administration Corp. acquired a brand new place in Cullen/Frost Bankers through the fourth quarter price $73,000. Lastly, Quadrant Capital Group LLC raised its stake in Cullen/Frost Bankers by 99.5% through the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the financial institution’s inventory price $93,000 after buying a further 369 shares within the final quarter. Institutional traders and hedge funds personal 81.69% of the corporate’s inventory.
A number of analysis analysts have issued studies on CFR shares. Maxim Group reiterated a “purchase” score and set a $162.00 worth goal on shares of Cullen/Frost Bankers in a analysis word on Friday, April twenty ninth. StockNews.com began protection on Cullen/Frost Bankers in a report on Thursday, March thirty first. They set a “promote” score on the inventory. Wolfe Analysis decreased their goal worth on Cullen/Frost Bankers from $161.00 to $132.00 and set an “outperform” score on the inventory in a report on Thursday, Could twenty sixth. Financial institution of America upgraded Cullen/Frost Bankers from an “underperform” score to a “impartial” score and set a $144.00 goal worth on the inventory in a report on Friday, April eighth. Lastly, Truist Monetary decreased their goal worth on Cullen/Frost Bankers from $149.00 to $134.00 in a report on Wednesday, June fifteenth. Three equities analysis analysts have rated the inventory with a promote score, 4 have issued a maintain score and 4 have assigned a purchase score to the inventory. In response to MarketBeat.com, the inventory has a median score of “Maintain” and a consensus goal worth of $139.60.
NYSE:CFR opened at $118.23 on Tuesday. Cullen/Frost Bankers, Inc. has a 1-year low of $100.35 and a 1-year excessive of $147.39. The enterprise’s 50-day transferring common worth is $123.28 and its two-hundred day transferring common worth is $132.75. The corporate has a present ratio of 0.67, a fast ratio of 0.67 and a debt-to-equity ratio of 0.06. The agency has a market capitalization of $7.58 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.64 and a beta of 1.20.
Cullen/Frost Bankers (NYSE:CFR – Get Rating) final launched its earnings outcomes on Thursday, April twenty eighth. The financial institution reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.02. Cullen/Frost Bankers had a return on fairness of 10.40% and a web margin of 30.15%. The agency had income of $373.58 million for the quarter, in comparison with analyst estimates of $364.93 million. Throughout the identical quarter within the prior yr, the agency posted $1.77 earnings per share. Promote-side analysts predict that Cullen/Frost Bankers, Inc. will publish 7.57 earnings per share for the present yr.
The enterprise additionally just lately introduced a quarterly dividend, which was paid on Wednesday, June fifteenth. Shareholders of document on Tuesday, Could thirty first had been paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of two.54%. The ex-dividend date of this dividend was Friday, Could twenty seventh. Cullen/Frost Bankers’s payout ratio is 46.15%.
In associated information, Director Chris Avery purchased 5,000 shares of the enterprise’s inventory in a transaction on Monday, Could 2nd. The shares had been bought at a median worth of $131.55 per share, with a complete worth of $657,750.00. Following the completion of the acquisition, the director now owns 17,000 shares of the corporate’s inventory, valued at roughly $2,236,350. The acquisition was disclosed in a submitting with the SEC, which is on the market at this hyperlink. Company insiders personal 3.76% of the corporate’s inventory.
About Cullen/Frost Bankers (Get Rating)
Cullen/Frost Bankers, Inc operates because the financial institution holding firm for Frost Financial institution that provides business and client banking companies in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The corporate presents business banking companies to firms and different enterprise purchasers, together with financing for industrial and business properties, interim development associated to industrial and business properties, gear, inventories and accounts receivables, and acquisitions; business leasing; and treasury administration companies.
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