Cullen Frost Bankers Inc. Sells 2,749 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Cullen Frost Bankers Inc. reduced its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,704 shares of the bank’s stock after selling 2,749 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Cullen/Frost Bankers were worth $5,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System lifted its position in Cullen/Frost Bankers by 0.4% in the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank’s stock worth $2,370,000 after buying an additional 74 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Cullen/Frost Bankers during the fourth quarter worth approximately $5,101,000. Atria Investments Inc lifted its holdings in shares of Cullen/Frost Bankers by 18.5% in the 4th quarter. Atria Investments Inc now owns 20,224 shares of the bank’s stock worth $2,715,000 after acquiring an additional 3,160 shares during the last quarter. Glass Wealth Management Co LLC boosted its stake in shares of Cullen/Frost Bankers by 0.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 35,394 shares of the bank’s stock valued at $4,752,000 after purchasing an additional 170 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at $106,000. 86.90% of the stock is currently owned by institutional investors.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the sale, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $127.92 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $138.44 and its 200 day simple moving average is $129.34. The stock has a market cap of $8.22 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 6.46 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.97%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of analyst reports. Compass Point lifted their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Evercore ISI increased their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $132.54.

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.