Coldstream Capital Management Inc. Has $740,000 Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Coldstream Capital Management Inc. lessened its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,609 shares of the bank’s stock after selling 213 shares during the period. Coldstream Capital Management Inc.’s holdings in Cullen/Frost Bankers were worth $740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd raised its position in shares of Cullen/Frost Bankers by 169.9% in the 3rd quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after acquiring an additional 141 shares in the last quarter. Asset Dedication LLC increased its holdings in Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after purchasing an additional 105 shares in the last quarter. Brooklyn Investment Group acquired a new position in Cullen/Frost Bankers in the third quarter valued at approximately $44,000. Allworth Financial LP boosted its holdings in shares of Cullen/Frost Bankers by 116.6% during the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank’s stock worth $50,000 after buying an additional 239 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling

In other news, EVP Bobby Berman sold 3,506 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the sale, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at $3,367,550.91. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Howard L. Kasanoff sold 4,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares in the company, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,864 shares of company stock worth $2,977,033. 2.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CFR. Citigroup boosted their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Compass Point upped their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Maxim Group boosted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $127.07.

Cullen/Frost Bankers Price Performance

CFR opened at $137.79 on Friday. The firm’s fifty day moving average price is $132.55 and its two-hundred day moving average price is $115.62. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. 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 issued its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The business had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. During the same period in the prior year, the firm posted $2.38 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.75 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, November 29th. Cullen/Frost Bankers’s payout ratio is 47.15%.

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.