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

Cullen/Frost Bankers, Inc. (NYSE:CFR) insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $136.00 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The business has a 50-day moving average price of $137.72 and a 200 day moving average price of $125.10. The company has a market capitalization of $8.72 billion, a P/E ratio of 15.33, a PEG ratio of 1.69 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64.

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

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.79%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

Wall Street Analyst Weigh In

CFR has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped 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. Maxim Group increased their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup increased their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their target price for the company from $138.00 to $143.00 in a report on Monday. Finally, Stephens lifted their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $130.31.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of large investors have recently modified their holdings of CFR. Covestor Ltd grew its stake in shares of Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after acquiring an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $29,000. Asset Dedication LLC boosted its position in Cullen/Frost Bankers by 63.3% in the third 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. UMB Bank n.a. boosted its position in 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 buying an additional 77 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

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.