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

Everpar Advisors LLC increased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,702 shares of the bank’s stock after purchasing an additional 155 shares during the period. Everpar Advisors LLC’s holdings in Cullen/Frost Bankers were worth $363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have 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 3rd 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 during the period. Montrusco Bolton Investments Inc. grew its position in Cullen/Frost Bankers by 10.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after acquiring an additional 111,719 shares during the period. Geode Capital Management LLC increased its stake in Cullen/Frost Bankers by 6.4% during the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock worth $122,820,000 after acquiring an additional 66,223 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in Cullen/Frost Bankers in the third quarter valued at $107,166,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Cullen/Frost Bankers by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank’s stock worth $96,856,000 after purchasing an additional 120,333 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 2,888 shares of the company’s stock, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,864 shares of company stock worth $2,977,033 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $140.53 on Friday. The business has a 50-day simple moving average of $137.63 and a 200-day simple moving average of $121.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The company has a market cap of $9.01 billion, a PE ratio of 17.44, a P/E/G ratio of 1.64 and a beta of 1.00.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results 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 company had revenue of $518.04 million during the quarter, compared to analysts’ expectations of $517.25 million. During the same quarter in the previous year, the business posted $2.38 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.75 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, November 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 47.15%.

Wall Street Analyst Weigh In

CFR has been the subject of several research analyst reports. Truist Financial lowered their target price on shares of 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. Royal Bank of Canada increased their price objective on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Evercore ISI cut their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 2nd. Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Wedbush cut their price objective on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average price target of $127.07.

About Cullen/Frost Bankers

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.