Cullen/Frost Bankers, Inc. (NYSE:CFR) Position Reduced by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE lowered its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,463 shares of the bank’s stock after selling 874 shares during the period. Cullen/Frost Bankers accounts for approximately 1.4% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 24th biggest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Cullen/Frost Bankers were worth $7,177,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Champlain Investment Partners LLC increased its holdings in shares of Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock valued at $381,897,000 after buying an additional 244,445 shares in the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Cullen/Frost Bankers by 10.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock valued at $135,252,000 after buying an additional 111,719 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock valued at $122,820,000 after buying an additional 66,223 shares in the last quarter. Boston Trust Walden Corp bought a new position in shares of Cullen/Frost Bankers in the third quarter valued at $107,166,000. Finally, Principal Financial Group Inc. increased its holdings 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 valued at $90,185,000 after buying an additional 25,909 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CFR has been the topic of several research reports. Stephens upped their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Citigroup increased their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. Compass Point increased their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their target price on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada increased their target price on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average price target of $127.92.

Insiders Place Their Bets

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

Cullen/Frost Bankers Trading Down 0.9 %

Cullen/Frost Bankers stock opened at $139.02 on Thursday. 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 company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.73 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The company’s fifty day moving average price is $137.92 and its two-hundred day moving average price is $124.43.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. The firm had revenue of $518.04 million for 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%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 earnings per share. On average, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.76 earnings per share for the current fiscal year.

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.