Phillip D. Green Purchases 9,500 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Rating) CEO Phillip D. Green bought 9,500 shares of the stock in a transaction dated Monday, March 13th. The shares were acquired at an average price of $106.59 per share, with a total value of $1,012,605.00. Following the completion of the acquisition, the chief executive officer now directly owns 114,729 shares of the company’s stock, valued at approximately $12,228,964.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cullen/Frost Bankers Trading Down 12.6 %

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

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

Cullen/Frost Bankers Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on CFR shares. Truist Financial decreased their price objective on shares of Cullen/Frost Bankers from $148.00 to $136.00 and set a “hold” rating for the company in a report on Wednesday, February 1st. Stephens decreased their price objective 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. Raymond James lowered shares of Cullen/Frost Bankers from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 21st. DA Davidson started coverage on shares of Cullen/Frost Bankers in a report on Tuesday, December 20th. They issued a “buy” rating and a $147.00 price objective for the company. Finally, Morgan Stanley started coverage on shares of Cullen/Frost Bankers in a report on Monday, December 5th. They issued an “overweight” rating and a $178.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.54.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CFR. Lazard Asset Management LLC bought a new position in Cullen/Frost Bankers in the 4th quarter worth $26,000. FourThought Financial LLC boosted its holdings in Cullen/Frost Bankers by 51.1% in the 3rd quarter. FourThought Financial LLC now owns 207 shares of the bank’s stock worth $27,000 after buying an additional 70 shares during the period. Meeder Asset Management Inc. boosted its holdings 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 buying an additional 90 shares during the period. ICA Group Wealth Management LLC bought a new position in Cullen/Frost Bankers in the 4th quarter worth $36,000. Finally, Covestor Ltd boosted its holdings in Cullen/Frost Bankers by 80.7% in the 1st quarter. Covestor Ltd now owns 309 shares of the bank’s stock worth $43,000 after buying an additional 138 shares during the period. Institutional investors own 81.93% of the company’s stock.

About Cullen/Frost Bankers

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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.