Maridea Wealth Management LLC Takes Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Maridea Wealth Management LLC purchased a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,988 shares of the bank’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CFR. Orion Portfolio Solutions LLC lifted its position in shares of Cullen/Frost Bankers by 118.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,316 shares of the bank’s stock valued at $1,922,000 after purchasing an additional 7,750 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Cullen/Frost Bankers by 14.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,905 shares of the bank’s stock worth $1,195,000 after buying an additional 1,130 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Cullen/Frost Bankers by 35.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock worth $62,000 after buying an additional 120 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $1,013,000. Finally, Norges Bank purchased a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $69,591,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CFR shares. Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Compass Point boosted their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $132.77.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $124.42 on Friday. The firm’s 50 day simple moving average is $134.41 and its 200 day simple moving average is $131.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The firm has a market capitalization of $8.00 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. As a group, 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 42.84%.

Insider Transactions at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Company 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.