Paul Bracher Sells 11,500 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) 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 transaction of $1,603,675.00. Following the completion of the transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cullen/Frost Bankers Stock Performance

CFR traded down $2.78 on Monday, hitting $136.62. 124,955 shares of the company’s stock were exchanged, compared to its average volume of 463,522. The firm has a market cap of $8.76 billion, a PE ratio of 15.38, a P/E/G ratio of 1.69 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The stock has a fifty day moving average of $137.88 and a two-hundred day moving average of $124.94. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.66 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Analyst Ratings Changes

CFR has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a report on Monday, November 4th. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their target price for the company from $138.00 to $143.00 in a research note on Monday. Keefe, Bruyette & Woods upped their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday. Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday. Finally, Stephens upped their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $130.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CFR. Boston Trust Walden Corp bought a new position in Cullen/Frost Bankers in the 3rd quarter worth about $107,166,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $54,012,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Cullen/Frost Bankers by 117.4% in the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock valued at $63,618,000 after acquiring an additional 307,129 shares in the last quarter. Barclays PLC boosted its holdings in shares of Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after acquiring an additional 305,921 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Cullen/Frost Bankers by 13,334.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock valued at $37,840,000 after acquiring an additional 279,762 shares in the last quarter. Institutional investors 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.