Callan Family Office LLC Makes New $315,000 Investment in Cullen/Frost Bankers, Inc. $CFR

Key Points

• Callan Family Office LLC made a new investment of approximately $315,000 in Cullen/Frost Bankers, acquiring 2,447 shares during the second quarter.
• Cullen/Frost Bankers recently reported an earnings per share (EPS) of $2.39, surpassing the consensus estimate of $2.28, with total revenue amounting to $567.83 million.
• The company declared a quarterly dividend of $1.00 per share, resulting in an annualized dividend of $4.00 and a yield of 3.2%.

Callan Family Office LLC acquired a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,447 shares of the bank's stock, valued at approximately $315,000.

Other institutional investors also recently bought and sold shares of the company. Cardinal Capital Management boosted its position in shares of Cullen/Frost Bankers by 0.5% in the 2nd quarter. Cardinal Capital Management now owns 17,824 shares of the bank's stock worth $2,291,000 after purchasing an additional 81 shares in the last quarter. LaSalle St. Investment Advisors LLC boosted its position in shares of Cullen/Frost Bankers by 4.0% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,165 shares of the bank's stock worth $271,000 after purchasing an additional 84 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Cullen/Frost Bankers by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the bank's stock worth $2,327,000 after purchasing an additional 100 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Cullen/Frost Bankers by 5.7% in the 1st quarter. HB Wealth Management LLC now owns 1,897 shares of the bank's stock worth $238,000 after purchasing an additional 102 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock worth $46,000 after purchasing an additional 106 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock opened at $126.81 on Thursday. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $147.64. The business has a 50-day moving average price of $127.14 and a 200 day moving average price of $125.95. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The firm has a market cap of $8.16 billion, a PE ratio of 13.65, a P/E/G ratio of 3.13 and a beta of 0.71.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping the consensus estimate of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The company had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. During the same period in the previous year, the business earned $2.21 EPS. Sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 29th. Cullen/Frost Bankers's payout ratio is 43.06%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CFR. Weiss Ratings reissued a "hold (c+)" rating on shares of Cullen/Frost Bankers in a research report on Wednesday, October 8th. TD Cowen raised Cullen/Frost Bankers to a "strong-buy" rating in a research report on Thursday, September 25th. Cantor Fitzgerald started coverage on Cullen/Frost Bankers in a research report on Wednesday, September 10th. They set a "neutral" rating and a $138.00 price target for the company. Morgan Stanley lifted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "underweight" rating in a research report on Monday, September 29th. Finally, Barclays lowered their price target on Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $137.62.

About Cullen/Frost Bankers

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.

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