GAMMA Investing LLC Has $110,000 Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

GAMMA Investing LLC lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 822 shares of the bank’s stock after purchasing an additional 144 shares during the quarter. GAMMA Investing LLC’s holdings in Cullen/Frost Bankers were worth $110,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd raised its position in Cullen/Frost Bankers by 169.9% in the 3rd quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Cullen/Frost Bankers in the 3rd quarter valued at $29,000. Asset Dedication LLC raised its position in Cullen/Frost Bankers by 63.3% in the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Cullen/Frost Bankers in the 3rd quarter valued at $44,000. Finally, Allworth Financial LP raised its position in Cullen/Frost Bankers by 116.6% in the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank’s stock valued at $50,000 after buying an additional 239 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CFR shares. Morgan Stanley lowered their price target on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, September 30th. Maxim Group raised their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI decreased their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research report on Wednesday, October 2nd. Royal Bank of Canada raised their target price on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Finally, Compass Point raised their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $127.07.

Cullen/Frost Bankers Stock Down 2.1 %

CFR stock opened at $132.88 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.66 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The stock has a fifty day moving average of $137.08 and a 200-day moving average of $120.37.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The business had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. During the same quarter last year, the company earned $2.38 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.75 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.86%. Cullen/Frost Bankers’s dividend payout ratio is currently 47.15%.

Insiders Place Their Bets

In other news, EVP Bobby Berman sold 3,506 shares of Cullen/Frost Bankers stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the sale, the executive vice president now owns 26,661 shares in the company, valued at approximately $3,367,550.91. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.08. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,864 shares of company stock worth $2,977,033 in the last quarter. 3.00% of the stock is owned by company insiders.

Cullen/Frost Bankers Company 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.