First National Bank of Omaha Takes $4.98 Million Position in Cullen/Frost Bankers, Inc. $CFR

First National Bank of Omaha purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,221 shares of the bank’s stock, valued at approximately $4,979,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CFR. Advisory Services Network LLC purchased a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $28,000. Global Retirement Partners LLC bought a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $38,000. Covestor Ltd boosted its stake in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Cullen/Frost Bankers in the 1st quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after acquiring an additional 106 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CFR. Zacks Research raised Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald boosted their price objective on Cullen/Frost Bankers from $154.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th. Barclays raised their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Stephens boosted their price target on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.33.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.14% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Trading Down 0.4%

NYSE:CFR opened at $167.33 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $10.40 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.53. The firm’s 50 day moving average is $158.53 and its 200 day moving average is $146.14. Cullen/Frost Bankers, Inc. has a 12 month low of $119.00 and a 12 month high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.The business had revenue of $576.01 million during the quarter, compared to analyst estimates of $589.72 million. During the same period in the prior year, the company earned $2.39 earnings per share. Sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 10.8 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio is currently 38.94%.

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.