Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors lowered its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,850 shares of the bank’s stock after selling 100 shares during the quarter. Tower Bridge Advisors’ holdings in Cullen/Frost Bankers were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CFR. Covestor Ltd grew its holdings in shares of Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after buying an additional 141 shares during the last quarter. UMB Bank n.a. raised its stake 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 purchasing an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth $29,000. Blue Trust Inc. grew its position in Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after buying an additional 239 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Cullen/Frost Bankers in the 3rd quarter valued at $44,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore ISI raised their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four investment 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’s stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $132.54.

Cullen/Frost Bankers Stock Up 0.4 %

Cullen/Frost Bankers stock opened at $136.96 on Friday. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 6.46 and a beta of 0.99. The stock’s fifty day moving average is $138.58 and its two-hundred day moving average is $128.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.77%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Insider Transactions at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the 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 sale, the insider now owns 102,946 shares of the company’s stock, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers 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.