Fruth Investment Management Sells 300 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Fruth Investment Management lessened its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,600 shares of the bank’s stock after selling 300 shares during the quarter. Fruth Investment Management’s holdings in Cullen/Frost Bankers were worth $349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning increased its stake in Cullen/Frost Bankers by 7.4% in the second quarter. Creative Planning now owns 8,449 shares of the bank’s stock valued at $859,000 after acquiring an additional 585 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cullen/Frost Bankers by 18.5% during the third quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock valued at $76,000 after purchasing an additional 106 shares during the period. Fulton Bank N.A. grew its holdings in Cullen/Frost Bankers by 10.0% in the 3rd quarter. Fulton Bank N.A. now owns 4,867 shares of the bank’s stock worth $544,000 after acquiring an additional 443 shares during the last quarter. CWM LLC grew its stake in shares of Cullen/Frost Bankers by 767.4% in the third quarter. CWM LLC now owns 3,383 shares of the bank’s stock worth $378,000 after purchasing an additional 2,993 shares during the last quarter. Finally, Juncture Wealth Strategies LLC increased its stake in shares of Cullen/Frost Bankers by 45.4% during the third quarter. Juncture Wealth Strategies LLC now owns 2,881 shares of the bank’s stock valued at $322,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the sale, the executive vice president now directly owns 2,888 shares of the company’s stock, valued at approximately $399,525.92. This represents a 58.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,858 shares of company stock worth $4,137,865 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CFR has been the topic of several research analyst reports. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price target for the company from $138.00 to $143.00 in a research report on Monday. Maxim Group raised their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stephens boosted their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Compass Point increased 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. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $130.31.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $140.31 on Thursday. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.69 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The business’s fifty day moving average price is $137.59 and its 200-day moving average price is $125.38.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. On average, equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.66 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.71%. Cullen/Frost Bankers’s payout ratio is presently 42.84%.

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.