Cullen/Frost Bankers (NYSE:CFR) Insider Paul Bracher Sells 2,900 Shares of Company Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) insider Paul Bracher sold 2,900 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $158.24, for a total value of $458,896.00. Following the sale, the insider directly owned 108,736 shares in the company, valued at approximately $17,206,384.64. The trade was a 2.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cullen/Frost Bankers Price Performance

CFR opened at $158.02 on Tuesday. The business’s 50-day moving average is $157.19 and its two-hundred day moving average is $149.42. Cullen/Frost Bankers, Inc. has a 1 year low of $119.14 and a 1 year high of $170.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $9.83 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.71 and a beta of 0.52.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, October 29th. The bank reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. The business had revenue of $603.83 million during the quarter, compared to the consensus estimate of $610.19 million. Cullen/Frost Bankers had a net margin of 23.37% and a return on equity of 16.27%. During the same period in the previous year, the company posted $2.67 earnings per share. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 11.00 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. Cullen/Frost Bankers’s payout ratio is presently 38.33%.

Analyst Upgrades and Downgrades

CFR has been the subject of a number of analyst reports. TD Cowen decreased their target price on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Stephens raised their target price on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Tuesday, October 13th. DA Davidson upped their price target on Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Finally, Cantor Fitzgerald reduced their price target on Cullen/Frost Bankers from $175.00 to $167.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $171.55.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several hedge funds have recently made changes to their positions in the company. GK Wealth Management LLC acquired a new position in shares of Cullen/Frost Bankers in the third quarter valued at about $32,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Cullen/Frost Bankers during the second quarter worth $37,000. Global Retirement Partners LLC purchased a new stake in Cullen/Frost Bankers during the second quarter worth $38,000. Measured Wealth Private Client Group LLC purchased a new stake in Cullen/Frost Bankers during the first quarter worth $41,000. Finally, Westpac Banking Corp acquired a new stake in Cullen/Frost Bankers during the first quarter valued at $60,000. 86.90% of the stock is owned by institutional investors and hedge funds.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and other financial services to individuals and businesses.

Frost Bank’s services include consumer and commercial banking, lending, treasury management, and wealth management, including trust and investment services. The company primarily serves customers across Texas through its branches and digital banking channels.

The company traces its roots to 1868, when Thomas Claiborne Frost established a mercantile business in San Antonio; banking became part of the business later in the 19th century.