CIBC Private Wealth Group LLC Buys 229 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

CIBC Private Wealth Group LLC boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,797 shares of the bank’s stock after acquiring an additional 229 shares during the period. CIBC Private Wealth Group LLC’s holdings in Cullen/Frost Bankers were worth $787,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth about $29,000. UMB Bank n.a. lifted its holdings in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after acquiring an additional 239 shares during the period. Quarry LP grew its stake in shares of Cullen/Frost Bankers by 134.2% in the third quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after acquiring an additional 310 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Cullen/Frost Bankers by 35.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock worth $62,000 after acquiring an additional 120 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Insider Activity

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the sale, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CFR. Morgan Stanley decreased 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 research report on Thursday, March 13th. Keefe, Bruyette & Woods lifted 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. Evercore ISI upped their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Barclays began coverage on Cullen/Frost Bankers in a research note on Tuesday. They issued an “equal weight” rating and a $130.00 target price for the company. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $132.57.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $106.68 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.86 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company’s 50-day moving average price is $132.13 and its two-hundred day moving average price is $131.20.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results 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%. On average, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.56%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

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.