Cullen/Frost Bankers, Inc. (NYSE:CFR) Director Acquires $540,400.00 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Rating) Director Chris Avery bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $108.08 per share, for a total transaction of $540,400.00. Following the completion of the transaction, the director now owns 13,000 shares in the company, valued at $1,405,040. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cullen/Frost Bankers Stock Down 12.6 %

CFR stock opened at $103.75 on Tuesday. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.19 and a beta of 1.06. The company’s 50 day moving average is $130.54 and its 200 day moving average is $136.83. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.07. Cullen/Frost Bankers, Inc. has a 1-year low of $103.01 and a 1-year high of $160.60.

Cullen/Frost Bankers (NYSE:CFR – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The bank reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.16. Cullen/Frost Bankers had a return on equity of 18.55% and a net margin of 30.80%. During the same quarter last year, the firm earned $1.54 earnings per share. Sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 10.5 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be issued a $0.87 dividend. The ex-dividend date is Monday, February 27th. This represents a $3.48 dividend on an annualized basis and a yield of 3.35%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 39.46%.

Analysts Set New Price Targets

Several research firms recently commented on CFR. Raymond James downgraded shares of Cullen/Frost Bankers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 21st. Morgan Stanley began coverage on shares of Cullen/Frost Bankers in a research report on Monday, December 5th. They set an “overweight” rating and a $178.00 target price on the stock. DA Davidson began coverage on shares of Cullen/Frost Bankers in a research report on Tuesday, December 20th. They set a “buy” rating and a $147.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Cullen/Frost Bankers from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 13th. Finally, Stephens lowered their price target on shares of Cullen/Frost Bankers from $154.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $148.54.

Hedge Funds Weigh In On Cullen/Frost Bankers

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at $26,000. FourThought Financial LLC lifted its position in shares of Cullen/Frost Bankers by 51.1% during the 3rd quarter. FourThought Financial LLC now owns 207 shares of the bank’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at about $36,000. Meeder Asset Management Inc. increased its stake in Cullen/Frost Bankers by 45.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 288 shares of the bank’s stock worth $34,000 after acquiring an additional 90 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Cullen/Frost Bankers by 80.7% during the 1st quarter. Covestor Ltd now owns 309 shares of the bank’s stock valued at $43,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 81.93% of the company’s stock.

Cullen/Frost Bankers Company Profile

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Cullen/Frost Bankers, Inc is a financial holding company, which engages in the provision of commercial and consumer banking services. It operates through the Banking and Frost Wealth Advisors segments. The Banking segment operates commercial and consumer banking services. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services.