Bradley Foster & Sargent Inc. CT Has $705,000 Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Bradley Foster & Sargent Inc. CT boosted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the bank’s stock after buying an additional 198 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Cullen/Frost Bankers were worth $705,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC grew its holdings in shares of Cullen/Frost Bankers by 30.3% during the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after purchasing an additional 4,348 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of Cullen/Frost Bankers by 45.0% during the third quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock worth $2,156,000 after buying an additional 5,981 shares during the last quarter. Barclays PLC grew its stake in shares of 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. Raymond James & Associates increased its holdings in shares of Cullen/Frost Bankers by 10.0% during the third quarter. Raymond James & Associates now owns 119,447 shares of the bank’s stock worth $13,361,000 after buying an additional 10,884 shares in the last quarter. Finally, Hancock Whitney Corp bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $784,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $140.22 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The business has a 50-day simple moving average of $138.39 and a 200 day simple moving average of $127.75. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 6.46 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.71%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the firm’s 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 transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CFR has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Citigroup increased their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods lifted their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Maxim Group increased their target price 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. Finally, Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $132.54.

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.