Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Watchman Group Inc.

Watchman Group Inc. lessened its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,848 shares of the bank’s stock after selling 495 shares during the period. Watchman Group Inc.’s holdings in Cullen/Frost Bankers were worth $3,739,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CFR. Wilmington Savings Fund Society FSB acquired a new stake in Cullen/Frost Bankers in the third quarter valued at about $29,000. UMB Bank n.a. lifted its holdings in shares of Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after buying an additional 77 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $44,000. Blue Trust Inc. boosted its stake in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after buying an additional 239 shares in the last quarter. Finally, Quarry LP grew its holdings in Cullen/Frost Bankers by 134.2% during the third quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after acquiring an additional 310 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of recent analyst reports. Compass Point upped their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their target price for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Evercore ISI lifted their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus target price of $132.77.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $124.42 on Friday. The stock has a market capitalization of $8.00 billion, a P/E ratio of 14.03, a P/E/G ratio of 6.46 and a beta of 0.97. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s 50-day moving average is $134.41 and its two-hundred day moving average is $131.00.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.89% of the stock is owned by company insiders.

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.