Cullen/Frost Bankers, Inc. $CFR Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. cut its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 58.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 309,967 shares of the bank’s stock after selling 429,435 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Cullen/Frost Bankers were worth $42,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CFR. Advisory Services Network LLC purchased a new position in Cullen/Frost Bankers in the third quarter valued at $28,000. Covestor Ltd boosted its position in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after acquiring an additional 184 shares in the last quarter. Community Bank N.A. purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $35,000. Finally, Matrix Trust Co raised its position in shares of Cullen/Frost Bankers by 40.4% during the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the sale, the executive vice president owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.1%

NYSE:CFR opened at $145.87 on Monday. Cullen/Frost Bankers, Inc. has a 1 year low of $119.00 and a 1 year high of $148.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day moving average price of $140.85 and a two-hundred day moving average price of $137.56. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 3.67 and a beta of 0.55.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $574.84 million for the quarter, compared to analyst estimates of $587.28 million. During the same period in the previous year, the firm earned $2.30 EPS. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.53 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.12%.

Wall Street Analyst Weigh In

Several brokerages have commented on CFR. Cantor Fitzgerald reiterated a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 target price on the stock in a research report on Tuesday, May 5th. Citigroup lifted their price target on shares of Cullen/Frost Bankers from $125.00 to $131.00 and gave the stock a “sell” rating in a research note on Thursday, May 7th. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Morgan Stanley cut their target price on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and an average price target of $148.73.

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.