Edgestream Partners L.P. Acquires Shares of 11,323 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Edgestream Partners L.P. acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,323 shares of the bank’s stock, valued at approximately $1,520,000.

A number of other institutional investors also recently added to or reduced their stakes in CFR. Janney Montgomery Scott LLC purchased a new stake in Cullen/Frost Bankers in the 3rd quarter valued at approximately $1,853,000. Atria Investments Inc boosted its holdings in Cullen/Frost Bankers by 5.2% in the 3rd quarter. Atria Investments Inc now owns 17,064 shares of the bank’s stock valued at $1,909,000 after purchasing an additional 840 shares in the last quarter. Covestor Ltd boosted its holdings in Cullen/Frost Bankers by 169.9% in the 3rd quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Cullen/Frost Bankers by 40.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,095 shares of the bank’s stock valued at $570,000 after purchasing an additional 1,462 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Cullen/Frost Bankers in the 3rd quarter valued at approximately $3,999,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

CFR stock opened at $126.65 on Tuesday. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s 50 day moving average price is $138.14 and its 200 day moving average price is $129.76. The firm has a market cap of $8.14 billion, a P/E ratio of 14.28, a PEG ratio of 6.46 and a beta of 0.97.

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 analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. On average, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 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. Shareholders of record on Friday, February 28th will be issued 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 3.00%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

Analyst Ratings Changes

CFR has been the topic of a number of analyst reports. Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Evercore ISI boosted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $132.54.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.89% of the stock is currently owned by insiders.

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.