Tudor Investment Corp ET AL Buys 38,796 Shares of Cullen/Frost Bankers, Inc. $CFR

Tudor Investment Corp ET AL boosted its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 915.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,036 shares of the bank’s stock after purchasing an additional 38,796 shares during the period. Tudor Investment Corp ET AL’s holdings in Cullen/Frost Bankers were worth $5,456,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter worth $26,000. GoalVest Advisory LLC bought a new stake in Cullen/Frost Bankers in the 3rd quarter worth $28,000. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter valued at about $28,000. Community Bank N.A. bought a new position in shares of Cullen/Frost Bankers during the third quarter valued at about $35,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Cullen/Frost Bankers by 105.2% during the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.9%

Shares of NYSE CFR opened at $134.77 on Wednesday. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $148.97. The stock has a market cap of $8.49 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 4.91 and a beta of 0.63. The firm has a 50-day moving average of $139.11 and a 200 day moving average of $130.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $578.05 million. During the same quarter in the prior year, the company earned $2.36 earnings per share. As a group, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.00 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 3.0%. Cullen/Frost Bankers’s dividend payout ratio is presently 40.32%.

Analyst Ratings Changes

Several research firms recently issued reports on CFR. TD Cowen reissued a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Barclays increased their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. DA Davidson lifted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Morgan Stanley boosted their target price on Cullen/Frost Bankers from $136.00 to $143.00 and gave the company an “underweight” rating in a research note on Monday, March 2nd. Finally, Keefe, Bruyette & Woods upped their target price on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Four analysts have rated the stock with a Buy rating, six have given 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 an average price target of $142.67.

Insiders Place Their Bets

In related news, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

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.