Paul Bracher Sells 11,500 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) insider Paul Bracher sold 11,500 shares of the stock in a transaction that occurred 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 directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cullen/Frost Bankers Stock Down 2.0 %

CFR stock traded down $2.78 during midday trading on Monday, reaching $136.62. The company had a trading volume of 124,955 shares, compared to its average volume of 463,522. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $8.76 billion, a P/E ratio of 15.38, a PEG ratio of 1.69 and a beta of 0.99. The company has a 50 day moving average of $137.88 and a two-hundred day moving average of $124.94.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 16.04%. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.66 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.78%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Wall Street Analysts Forecast Growth

CFR has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday. Stephens increased their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Maxim Group increased their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Compass Point upped their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, 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 report on Friday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average price target of $130.31.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ballentine Partners LLC grew its stake in Cullen/Frost Bankers by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock valued at $291,000 after buying an additional 77 shares during the last quarter. UMB Bank n.a. raised its holdings in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after acquiring an additional 77 shares during the period. Keene & Associates Inc. raised its holdings in Cullen/Frost Bankers by 1.7% in the 3rd quarter. Keene & Associates Inc. now owns 5,240 shares of the bank’s stock worth $586,000 after acquiring an additional 89 shares during the period. Strategic Financial Concepts LLC raised its holdings in Cullen/Frost Bankers by 4.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after acquiring an additional 89 shares during the period. Finally, First Dallas Securities Inc. raised its holdings in Cullen/Frost Bankers by 2.5% in the 4th quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank’s stock worth $541,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.