Kempner Capital Management Inc. Sells 8,200 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Kempner Capital Management Inc. lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 17.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,896 shares of the bank’s stock after selling 8,200 shares during the period. Cullen/Frost Bankers accounts for 2.9% of Kempner Capital Management Inc.’s portfolio, making the stock its 14th largest position. Kempner Capital Management Inc.’s holdings in Cullen/Frost Bankers were worth $5,356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Cullen/Frost Bankers by 30.3% during the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock worth $2,091,000 after acquiring an additional 4,348 shares in the last quarter. Pathstone Holdings LLC raised its position in Cullen/Frost Bankers by 45.0% in the 3rd quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock worth $2,156,000 after purchasing an additional 5,981 shares during the period. Barclays PLC lifted its stake in Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after purchasing an additional 305,921 shares during the last quarter. Raymond James & Associates boosted its position in Cullen/Frost Bankers by 10.0% during the third quarter. Raymond James & Associates now owns 119,447 shares of the bank’s stock valued at $13,361,000 after buying an additional 10,884 shares during the period. Finally, Hancock Whitney Corp bought a new position in shares of Cullen/Frost Bankers during the third quarter valued at about $784,000. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Up 1.0 %

CFR opened at $140.21 on Friday. The firm’s fifty day moving average is $137.94 and its 200 day moving average is $124.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00.

Cullen/Frost Bankers (NYSE:CFR) last released 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 net margin of 18.81% and a return on equity of 15.82%. On average, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.76 earnings per share for the current fiscal year.

Insider Activity

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares of the company’s stock, valued at $399,525.92. This trade represents a 58.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Phillip D. Green sold 14,358 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.89% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CFR shares. Citigroup raised their price target 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. Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens increased their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price objective on Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Finally, Maxim Group boosted their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $127.92.

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.