Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Sells $442,842.86 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Bobby Berman sold 3,506 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $126.31, for a total transaction of $442,842.86. Following the transaction, the executive vice president now owns 26,661 shares in the company, valued at $3,367,550.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cullen/Frost Bankers Stock Down 0.8 %

Shares of CFR stock traded down $1.07 on Monday, reaching $124.91. 553,682 shares of the company’s stock traded hands, compared to its average volume of 452,046. The company has a market capitalization of $8.00 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.56 and a beta of 0.98. Cullen/Frost Bankers, Inc. has a 12-month low of $91.24 and a 12-month high of $135.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day moving average price is $115.61 and its two-hundred day moving average price is $109.02.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 23.98% and a return on equity of 16.34%. The firm had revenue of $518.04 million for the quarter, compared to the consensus estimate of $517.25 million. During the same period in the previous year, the firm posted $2.38 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.57 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, November 29th. This represents a $3.80 annualized dividend and a dividend yield of 3.04%. Cullen/Frost Bankers’s dividend payout ratio is 47.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Evercore ISI cut their price objective on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, October 2nd. Stephens upped their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research note on Monday. Truist Financial cut their target price on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Finally, Maxim Group raised their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus target price of $124.00.

Hedge Funds Weigh In On Cullen/Frost Bankers

Hedge funds have recently added to or reduced their stakes in the company. Champlain Investment Partners LLC grew its position in Cullen/Frost Bankers by 18.4% in the first quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock worth $359,378,000 after acquiring an additional 495,215 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Cullen/Frost Bankers by 18.8% in the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock worth $114,994,000 after purchasing an additional 161,580 shares in the last quarter. Boston Trust Walden Corp acquired a new position in Cullen/Frost Bankers during the third quarter worth $107,166,000. Dimensional Fund Advisors LP raised its holdings in Cullen/Frost Bankers by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank’s stock valued at $96,856,000 after buying an additional 120,333 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Cullen/Frost Bankers by 3.3% in the third quarter. Principal Financial Group Inc. now owns 806,209 shares of the bank’s stock worth $90,185,000 after buying an additional 25,909 shares during the last quarter. Institutional investors and hedge funds 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.