Capstone Investment Advisors LLC Sells 3,585 Shares of Cullen/Frost Bankers, Inc. $CFR

Capstone Investment Advisors LLC reduced its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 38.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,760 shares of the bank’s stock after selling 3,585 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Cullen/Frost Bankers were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth $28,000. Covestor Ltd lifted its holdings 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth $37,000. Global Retirement Partners LLC purchased a new position in Cullen/Frost Bankers in the second quarter worth $38,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Cullen/Frost Bankers in the first quarter worth $41,000. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the sale, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.14% of the stock is owned by company insiders.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $161.90 on Friday. The company has a 50-day simple moving average of $161.35 and a two-hundred day simple moving average of $147.36. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $170.80. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.47 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, topping 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 firm had revenue of $576.01 million for the quarter, compared to the consensus estimate of $589.72 million. During the same quarter in the previous year, the business earned $2.39 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 10.9 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Cowen raised their price target on Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Barclays increased their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. Finally, DA Davidson upped their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $161.75.

Cullen/Frost Bankers Company 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.