Sunbelt Securities Inc. Has $91,000 Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Sunbelt Securities Inc. raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) by 367.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the bank’s stock after acquiring an additional 786 shares during the quarter. Sunbelt Securities Inc.’s holdings in Cullen/Frost Bankers were worth $91,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CFR. American Century Companies Inc. lifted its stake in Cullen/Frost Bankers by 10.3% in the first quarter. American Century Companies Inc. now owns 5,345 shares of the bank’s stock valued at $740,000 after acquiring an additional 501 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in Cullen/Frost Bankers in the first quarter valued at $1,736,000. BlackRock Inc. lifted its stake in Cullen/Frost Bankers by 0.8% in the first quarter. BlackRock Inc. now owns 5,032,068 shares of the bank’s stock valued at $696,489,000 after acquiring an additional 39,554 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Cullen/Frost Bankers by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 31,607 shares of the bank’s stock valued at $4,501,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Cullen/Frost Bankers in the first quarter valued at $211,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group increased their price target on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Compass Point lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Stephens increased their price objective on shares of Cullen/Frost Bankers from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Evercore ISI lowered shares of Cullen/Frost Bankers from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $98.00 to $111.00 in a research report on Wednesday, January 3rd. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $113.77.

View Our Latest Stock Report on Cullen/Frost Bankers

Cullen/Frost Bankers Trading Up 0.3 %

CFR opened at $106.02 on Monday. The company’s 50 day moving average price is $106.70 and its two-hundred day moving average price is $100.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.63 and a quick ratio of 0.63. Cullen/Frost Bankers, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.34 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last released its earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. The company had revenue of $523.66 million for the quarter, compared to the consensus estimate of $498.09 million. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.47 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.68 annualized dividend and a dividend yield of 3.47%. Cullen/Frost Bankers’s payout ratio is 40.44%.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the sale, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul Bracher sold 9,820 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The disclosure for this sale can be found here. Company insiders own 2.89% of the company’s stock.

About Cullen/Frost Bankers

(Free Report)

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.

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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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