Cullen/Frost Bankers (NYSE:CFR) Sets New 1-Year Low at $103.01

Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Rating) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $103.01 and last traded at $105.92, with a volume of 251913 shares. The stock had previously closed at $118.75.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bank of America upgraded Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, January 5th. Stephens decreased their price target on Cullen/Frost Bankers from $154.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, January 27th. Wedbush decreased their price target on Cullen/Frost Bankers from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, January 27th. JPMorgan Chase & Co. decreased their price target on Cullen/Frost Bankers from $175.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday, December 13th. Finally, Raymond James lowered Cullen/Frost Bankers from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, six have issued 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 an average target price of $148.54.

Cullen/Frost Bankers Stock Up 7.5 %

The company has a 50-day simple moving average of $130.17 and a 200 day simple moving average of $136.69. The company has a market cap of $7.18 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.19 and a beta of 1.06. 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 (NYSE:CFR – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The bank reported $2.91 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $1.54 EPS. On average, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.5 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, February 27th. Cullen/Frost Bankers’s payout ratio is 39.46%.

Insider Transactions at Cullen/Frost Bankers

In other news, Director Chris Avery purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were acquired at an average price of $108.08 per share, with a total value of $540,400.00. Following the transaction, the director now owns 13,000 shares of the company’s stock, valued at $1,405,040. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Chris Avery purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were acquired at an average price of $108.08 per share, with a total value of $540,400.00. Following the transaction, the director now owns 13,000 shares of the company’s stock, valued at $1,405,040. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Phillip D. Green purchased 9,500 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $106.59 per share, for a total transaction of $1,012,605.00. Following the transaction, the chief executive officer now directly owns 114,729 shares in the company, valued at approximately $12,228,964.11. The disclosure for this purchase can be found here. Corporate insiders own 3.76% of the company’s stock.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of hedge funds have recently made changes to their positions in the stock. Claro Advisors LLC lifted its stake in shares of Cullen/Frost Bankers by 35.2% during the 4th quarter. Claro Advisors LLC now owns 3,462 shares of the bank’s stock worth $463,000 after purchasing an additional 902 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Cullen/Frost Bankers by 237.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,506 shares of the bank’s stock worth $1,136,000 after purchasing an additional 5,989 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Cullen/Frost Bankers by 1,157.6% during the 4th quarter. Voya Investment Management LLC now owns 94,435 shares of the bank’s stock worth $12,626,000 after purchasing an additional 86,926 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Cullen/Frost Bankers by 11.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 46,769 shares of the bank’s stock worth $6,254,000 after purchasing an additional 4,829 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cullen/Frost Bankers by 3.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,910 shares of the bank’s stock worth $523,000 after purchasing an additional 121 shares during the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

(Get Rating)

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.