Marshall Financial Group LLC Invests $1.14 Million in Cullen/Frost Bankers, Inc. $CFR

Key Points

• Marshall Financial Group LLC initiated a new position in Cullen/Frost Bankers (NYSE:CFR), buying 9,015 shares in Q4 valued at approximately $1.14 million.
• Cullen/Frost beat expectations for the quarter with $2.56 EPS vs. $2.47 expected and revenue of $1.05 billion (vs. $578.05M expected), with a net margin of 22.21% and ROE of 15.49%.
• Analyst coverage is mixed: the stock has an average rating of Hold and an average target price of $142.67, though several firms have recently raised targets (e.g., Keefe, Bruyette & Woods to $160, RBC to $150).

Marshall Financial Group LLC purchased a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,015 shares of the bank's stock, valued at approximately $1,142,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. grew its stake in shares of Cullen/Frost Bankers by 62.0% during the third quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank's stock valued at $4,910,000 after buying an additional 14,831 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Cullen/Frost Bankers by 3,892.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank's stock worth $12,901,000 after acquiring an additional 97,854 shares during the last quarter. Truist Financial Corp boosted its holdings in Cullen/Frost Bankers by 21.8% during the 3rd quarter. Truist Financial Corp now owns 40,306 shares of the bank's stock valued at $5,110,000 after acquiring an additional 7,217 shares during the period. Legal & General Group Plc boosted its holdings in Cullen/Frost Bankers by 3.4% during the 2nd quarter. Legal & General Group Plc now owns 100,690 shares of the bank's stock valued at $12,943,000 after acquiring an additional 3,313 shares during the period. Finally, Carlson Capital L.P. bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at $1,382,000. 86.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CFR. Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Friday, January 30th. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a "sell" rating in a report on Monday, February 2nd. Finally, TD Cowen reissued a "positive" rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $142.67.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $132.34 on Monday. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $148.97. The business has a 50-day moving average price of $139.14 and a 200 day moving average price of $130.91. The company has a market capitalization of $8.36 billion, a P/E ratio of 13.34, a PEG ratio of 4.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $578.05 million. During the same period in the prior year, the business earned $2.36 EPS. As a group, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 40.32%.

Insider Buying and Selling

In related news, EVP Bobby Berman sold 1,000 shares of the business's stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company's stock, valued at $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.

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