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 firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company’s stock, 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 is available at this link.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $138.70 on Wednesday. The stock has a 50 day moving average of $137.63 and a two-hundred day moving average of $125.28. 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, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a market capitalization of $8.89 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.66 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.95 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.74%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Maxim Group upped their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stephens increased their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Citigroup upped their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods increased their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a report on Monday. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $130.31.

Institutional Trading of Cullen/Frost Bankers

Institutional investors have recently modified their holdings of the company. Boston Trust Walden Corp bought a new stake in Cullen/Frost Bankers during the third quarter worth about $107,166,000. Vaughan Nelson Investment Management L.P. acquired a new position in Cullen/Frost Bankers during the third quarter worth approximately $54,012,000. The Manufacturers Life Insurance Company increased its position in Cullen/Frost Bankers by 117.4% during the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock worth $63,618,000 after buying an additional 307,129 shares during the last quarter. Barclays PLC increased its position in Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after buying an additional 305,921 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in Cullen/Frost Bankers by 13,334.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock worth $37,840,000 after buying an additional 279,762 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

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.