Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,787 shares of the bank’s stock after acquiring an additional 252 shares during the quarter. Hodges Capital Management Inc.’s holdings in Cullen/Frost Bankers were worth $651,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CFR. ICA Group Wealth Management LLC acquired a new stake in Cullen/Frost Bankers in the fourth quarter valued at approximately $33,000. Arvest Investments Inc. purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at approximately $35,000. CWM LLC grew its position in shares of Cullen/Frost Bankers by 46.5% during the first quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after buying an additional 106 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Cullen/Frost Bankers during the fourth quarter worth approximately $43,000. Finally, Parallel Advisors LLC grew its position in shares of Cullen/Frost Bankers by 89.7% during the fourth quarter. Parallel Advisors LLC now owns 461 shares of the bank’s stock worth $50,000 after buying an additional 218 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $101.63 on Friday. Cullen/Frost Bankers, Inc. has a 1 year low of $82.25 and a 1 year high of $120.31. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.27 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a fifty day moving average of $103.05 and a 200-day moving average of $105.99.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. The company had revenue of $522.74 million during the quarter, compared to the consensus estimate of $510.09 million. During the same quarter in the previous year, the company posted $2.70 earnings per share. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.4 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, May 30th. Cullen/Frost Bankers’s dividend payout ratio is currently 43.50%.

Wall Street Analysts Forecast Growth

CFR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday. DA Davidson reissued a “buy” rating and set a $126.00 price target on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Jefferies Financial Group raised their price target on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Evercore ISI decreased their price target on shares of Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Finally, Truist Financial decreased their price objective on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating for the company in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $115.69.

Cullen/Frost Bankers Profile

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.