Riverwater Partners LLC Increases Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Riverwater Partners LLC grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 62.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,906 shares of the bank’s stock after purchasing an additional 4,957 shares during the period. Riverwater Partners LLC’s holdings in Cullen/Frost Bankers were worth $1,733,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CFR. Wilmington Savings Fund Society FSB acquired a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $29,000. UMB Bank n.a. raised its stake in shares of Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after acquiring an additional 77 shares in the last quarter. Blue Trust Inc. boosted its holdings in Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after purchasing an additional 239 shares during the period. Quarry LP grew its stake in Cullen/Frost Bankers by 134.2% during the 3rd quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after purchasing an additional 310 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock worth $62,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analysts Set New Price Targets

CFR has been the subject of a number of analyst reports. Compass Point boosted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI increased their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Morgan Stanley lowered their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $132.57.

Cullen/Frost Bankers Price Performance

CFR stock opened at $106.68 on Friday. The business has a 50 day simple moving average of $132.13 and a 200-day simple moving average of $131.20. The company has a market capitalization of $6.86 billion, a P/E ratio of 12.03, a PEG ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio is presently 42.84%.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.

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.