First Dallas Securities Inc. Raises Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

First Dallas Securities Inc. grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,028 shares of the bank’s stock after purchasing an additional 100 shares during the quarter. First Dallas Securities Inc.’s holdings in Cullen/Frost Bankers were worth $541,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Trust Point Inc. bought a new position in shares of Cullen/Frost Bankers in the 4th quarter worth approximately $576,000. Boston Trust Walden Corp grew its stake in Cullen/Frost Bankers by 9.8% in the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after purchasing an additional 94,252 shares during the period. Oak Harvest Investment Services raised its holdings in Cullen/Frost Bankers by 6.5% in the fourth quarter. Oak Harvest Investment Services now owns 39,468 shares of the bank’s stock worth $5,299,000 after purchasing an additional 2,408 shares in the last quarter. KBC Group NV lifted its position in Cullen/Frost Bankers by 17.2% during the fourth quarter. KBC Group NV now owns 4,987 shares of the bank’s stock valued at $670,000 after buying an additional 731 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after buying an additional 239 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CFR. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their price target for the company from $138.00 to $143.00 in a research report on Monday. Maxim Group boosted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Compass Point lifted their price target 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. Citigroup raised their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $130.31.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, November 8th. The shares were sold at an average price of $138.34, for a total transaction of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares in the company, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phillip D. Green sold 14,358 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,858 shares of company stock valued at $4,137,865. Company insiders own 3.00% of the company’s stock.

Cullen/Frost Bankers Trading Down 2.4 %

Cullen/Frost Bankers stock opened at $136.00 on Tuesday. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a market cap of $8.72 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.69 and a beta of 0.99. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. The business has a 50-day simple moving average of $137.72 and a two-hundred day simple moving average of $125.10.

Cullen/Frost Bankers (NYSE:CFR) last announced 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 net margin of 18.81% and a return on equity of 16.04%. Analysts predict that Cullen/Frost Bankers, Inc. will post 8.66 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

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

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.