Everpar Advisors LLC Has $285,000 Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Everpar Advisors LLC reduced its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 25.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,547 shares of the bank’s stock after selling 875 shares during the period. Everpar Advisors LLC’s holdings in Cullen/Frost Bankers were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFR. KBC Group NV increased its stake in Cullen/Frost Bankers by 71.5% in the 4th quarter. KBC Group NV now owns 3,341 shares of the bank’s stock valued at $362,000 after buying an additional 1,393 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Cullen/Frost Bankers by 44.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after buying an additional 244,197 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Cullen/Frost Bankers by 1.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,397 shares of the bank’s stock valued at $1,887,000 after buying an additional 270 shares during the last quarter. Quadrature Capital Ltd increased its stake in Cullen/Frost Bankers by 32.7% in the 4th quarter. Quadrature Capital Ltd now owns 12,855 shares of the bank’s stock valued at $1,395,000 after buying an additional 3,168 shares during the last quarter. Finally, Personal CFO Solutions LLC acquired a new stake in Cullen/Frost Bankers in the 4th quarter valued at $210,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CFR. Wedbush lowered their price target on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Citigroup decreased their price objective on shares of Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada lifted their price objective on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. DA Davidson lifted their price objective on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Truist Financial decreased their price objective on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.14.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $113.31 on Tuesday. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50-day simple moving average of $110.07 and a 200 day simple moving average of $107.16. Cullen/Frost Bankers, Inc. has a 52 week low of $82.25 and a 52 week high of $123.17.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. The firm had revenue of $528.81 million during the quarter, compared to the consensus estimate of $506.83 million. Cullen/Frost Bankers had a net margin of 19.51% and a return on equity of 17.43%. During the same quarter in the previous year, the firm posted $2.47 EPS. On average, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.61 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s payout ratio is currently 44.92%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Candace K. Wolfshohl sold 5,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $119.65, for a total value of $598,250.00. Following the completion of the sale, the executive vice president now owns 18,753 shares of the company’s stock, valued at $2,243,796.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Cullen/Frost Bankers news, EVP Candace K. Wolfshohl sold 5,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $119.65, for a total value of $598,250.00. Following the completion of the sale, the executive vice president now owns 18,753 shares of the company’s stock, valued at $2,243,796.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Howard L. Kasanoff sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total transaction of $357,600.00. Following the completion of the transaction, the executive vice president now owns 1,598 shares of the company’s stock, valued at $190,481.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

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.