Callahan Advisors LLC Sells 1,772 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Callahan Advisors LLC lowered its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,966 shares of the bank’s stock after selling 1,772 shares during the quarter. Callahan Advisors LLC’s holdings in Cullen/Frost Bankers were worth $3,754,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after purchasing an additional 141 shares during the period. UMB Bank n.a. increased its holdings in shares of Cullen/Frost Bankers by 45.8% in 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 period. Wilmington Savings Fund Society FSB bought a new position in shares of Cullen/Frost Bankers in the third quarter worth $29,000. Blue Trust Inc. increased its stake in 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 last quarter. Finally, Brooklyn Investment Group bought a new position in Cullen/Frost Bankers in the third quarter valued at $44,000. Institutional investors own 86.90% of the company’s stock.

Insider Transactions at Cullen/Frost Bankers

In related 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 value of $1,603,675.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CFR. Keefe, Bruyette & Woods increased their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Compass Point increased their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Stephens increased their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $132.54.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $143.53 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $137.97 and a 200-day moving average of $126.87. The firm has a market cap of $9.20 billion, a P/E ratio of 16.18, a P/E/G ratio of 6.52 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64.

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 18.81% and a return on equity of 16.04%. Sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.65%. Cullen/Frost Bankers’s dividend payout ratio is currently 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.