Cullen/Frost Bankers, Inc. $CFR Stock Sold by ProShare Advisors LLC

Key Points

• ProShare Advisors reduced its Cullen/Frost Bankers position by 9.2%, selling 17,226 shares and retaining 169,140 shares valued at approximately $25.8 million. Institutional investors collectively own 86.9% of CFR.
• Cullen/Frost reported quarterly EPS of $2.84, exceeding the $2.80 consensus estimate, although revenue of $603.83 million fell short of expectations. The stock opened at $160.29 and has traded between $119.14 and $170.80 over the past year.
• Analyst sentiment remains mixed, with four Buy, eight Hold, and one Sell rating and an average price target of $171.55. The company also declared a quarterly dividend of $1.03 per share, representing a 2.6% annualized yield.

ProShare Advisors LLC reduced its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 9.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 169,140 shares of the bank's stock after selling 17,226 shares during the period. ProShare Advisors LLC owned 0.27% of Cullen/Frost Bankers worth $25,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GK Wealth Management LLC bought a new position in Cullen/Frost Bankers in the third quarter valued at about $32,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Cullen/Frost Bankers during the 2nd quarter valued at about $37,000. Global Retirement Partners LLC acquired a new position in Cullen/Frost Bankers during the 2nd quarter valued at about $38,000. Measured Wealth Private Client Group LLC bought a new position in shares of Cullen/Frost Bankers in the 1st quarter valued at about $41,000. Finally, Root Financial Partners LLC grew its position in shares of Cullen/Frost Bankers by 90.0% during the 1st quarter. Root Financial Partners LLC now owns 435 shares of the bank's stock worth $60,000 after buying an additional 206 shares during the period. Institutional investors own 86.90% of the company's stock.

More Cullen/Frost Bankers News

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Zacks upgraded CFR to a Rank #2 (Buy), citing growing optimism about the bank’s earnings prospects. The upgrade may attract momentum-oriented investors and reinforces expectations for improving results. Cullen/Frost Upgraded to Buy: Here’s Why
• Positive Sentiment: Cullen/Frost’s third-quarter earnings call highlighted continued business growth. This follows quarterly earnings of $2.84 per share, ahead of the $2.80 consensus estimate, which has helped strengthen the investment case despite revenue coming in slightly below expectations. Cullen/Frost Bankers Earnings Call Highlights Growth
• Positive Sentiment: TD Cowen initiated or reiterated a Buy rating on Cullen/Frost, adding to the positive analyst sentiment around the stock. Cullen/Frost Bankers Receives a Buy from TD Cowen
• Positive Sentiment: Wall Street Zen also upgraded its rating on CFR, providing another favorable signal for investor sentiment. Cullen/Frost Bankers Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Evercore ISI reaffirmed its Hold rating, suggesting the firm sees limited near-term catalysts relative to the stock’s valuation. Evercore ISI Reaffirms Hold Rating
• Negative Sentiment: Keefe, Bruyette & Woods downgraded CFR from Outperform to Market Perform and reduced its price target to $175 from $180. Although the target still implies upside, the downgrade signals more cautious expectations.
• Negative Sentiment: Executive Vice President Bobby Berman sold 2,406 shares worth approximately $378,000, reducing his holdings by 7.81%. While not necessarily fundamental, insider selling can weigh modestly on sentiment.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 2,406 shares of the business's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $157.10, for a total transaction of $377,982.60. Following the transaction, the executive vice president directly owned 28,406 shares of the company's stock, valued at approximately $4,462,582.60. The trade was a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Cullen/Frost Bankers from $200.00 to $201.00 and gave the company an "overweight" rating in a report on Monday, September 28th. DA Davidson raised their price objective on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the company a "neutral" rating in a research note on Friday. Royal Bank Of Canada lowered their target price on shares of Cullen/Frost Bankers from $176.00 to $175.00 and set a "sector perform" rating for the company in a report on Friday, October 9th. Cantor Fitzgerald dropped their target price on shares of Cullen/Frost Bankers from $175.00 to $167.00 and set a "neutral" rating for the company in a research report on Wednesday, October 14th. Finally, Jefferies Financial Group upgraded shares of Cullen/Frost Bankers from an "underperform" rating to a "hold" rating and upped their target price for the company from $135.00 to $160.00 in a research report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $171.55.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $160.29 on Tuesday. 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, Inc. has a 12-month low of $119.14 and a 12-month high of $170.80. The firm has a fifty day moving average of $157.71 and a 200-day moving average of $148.96. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.83 and a beta of 0.56.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. The firm had revenue of $603.83 million during the quarter, compared to analysts' expectations of $610.19 million. During the same period in the previous year, the firm earned $2.67 earnings per share. On average, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 10.97 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 30th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 38.33%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.

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