4,652 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC purchased a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,652 shares of the bank’s stock, valued at approximately $625,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its stake in Cullen/Frost Bankers by 8.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,288 shares of the bank’s stock worth $633,000 after buying an additional 506 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Cullen/Frost Bankers by 81.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the bank’s stock valued at $186,000 after acquiring an additional 824 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Cullen/Frost Bankers by 49.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,861 shares of the bank’s stock worth $291,000 after acquiring an additional 945 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Cullen/Frost Bankers by 3.4% during the 2nd quarter. Bank of Montreal Can now owns 21,699 shares of the bank’s stock worth $2,208,000 after purchasing an additional 717 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in Cullen/Frost Bankers in the 2nd quarter valued at approximately $54,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Up 0.1 %

CFR opened at $140.33 on Friday. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The firm has a market cap of $9.00 billion, a P/E ratio of 17.41, a PEG ratio of 1.73 and a beta of 1.00. The business’s fifty day simple moving average is $137.78 and its 200 day simple moving average is $123.05. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.07. The business had revenue of $518.04 million for the quarter, compared to the consensus estimate of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.38 earnings per share. As a group, equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.76 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.71%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 47.15%.

Insider Transactions at Cullen/Frost Bankers

In related news, CEO Phillip D. Green sold 14,358 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the sale, the chief executive officer now directly owns 94,423 shares in the company, valued at approximately $13,026,597.08. This trade represents a 13.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the transaction, the executive vice president now directly owns 2,888 shares in the company, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,864 shares of company stock worth $2,977,033 in the last ninety days. Insiders own 2.89% of the company’s stock.

Analyst Upgrades and Downgrades

CFR has been the subject of several research analyst reports. Morgan Stanley lowered their price target on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, September 30th. Citigroup raised their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. Royal Bank of Canada lifted their price objective on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Stephens raised their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Compass Point upped their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $127.07.

Cullen/Frost Bankers Profile

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.