Qsemble Capital Management LP Acquires 1,115 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Qsemble Capital Management LP increased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 55.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,141 shares of the bank’s stock after buying an additional 1,115 shares during the period. Qsemble Capital Management LP’s holdings in Cullen/Frost Bankers were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CFR. Victory Capital Management Inc. lifted its stake in shares of Cullen/Frost Bankers by 16.8% during the 4th quarter. Victory Capital Management Inc. now owns 13,390 shares of the bank’s stock worth $1,453,000 after purchasing an additional 1,929 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at about $326,000. Dimensional Fund Advisors LP boosted its holdings in shares of Cullen/Frost Bankers by 20.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after buying an additional 131,726 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Cullen/Frost Bankers by 35.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,454 shares of the bank’s stock worth $375,000 after buying an additional 909 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Cullen/Frost Bankers by 88.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,416 shares of the bank’s stock worth $696,000 after acquiring an additional 3,020 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFR. Stephens raised their price objective on Cullen/Frost Bankers from $116.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Royal Bank of Canada upped 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 report on Friday, July 26th. Wedbush lifted their target price on shares of Cullen/Frost Bankers from $106.00 to $124.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their price target on shares of Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Finally, Truist Financial lifted their price objective on shares of Cullen/Frost Bankers from $102.00 to $126.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $119.93.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Howard L. Kasanoff sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $119.20, for a total value of $357,600.00. Following the completion of the sale, the executive vice president now owns 1,598 shares in the company, valued at $190,481.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Candace K. Wolfshohl sold 5,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $119.65, for a total transaction of $598,250.00. Following the transaction, the executive vice president now directly owns 18,753 shares in the company, valued at $2,243,796.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Howard L. Kasanoff sold 3,000 shares of Cullen/Frost Bankers stock in a transaction 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 in the company, valued at approximately $190,481.60. The disclosure for this sale can be found here. 2.89% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $109.41 on Friday. The stock has a 50-day simple moving average of $109.57 and a 200-day simple moving average of $106.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a 1 year low of $82.25 and a 1 year high of $123.17. The stock has a market capitalization of $7.00 billion, a PE ratio of 12.93, a PEG ratio of 1.29 and a beta of 1.00.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $528.81 million during the quarter, compared to analysts’ expectations 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 prior year, the business posted $2.47 EPS. On average, analysts predict that Cullen/Frost Bankers, Inc. will post 8.62 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given 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 3.47%. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 44.92%.

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.