New Age Alpha Advisors LLC Invests $1.01 Million in Cullen/Frost Bankers, Inc. (NYSE:CFR)

New Age Alpha Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,549 shares of the bank’s stock, valued at approximately $1,013,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Cullen/Frost Bankers in the third quarter valued at approximately $29,000. UMB Bank n.a. raised its holdings in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after acquiring an additional 77 shares during the period. Blue Trust Inc. lifted its position in Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after acquiring an additional 239 shares in the last quarter. Quarry LP boosted its stake in Cullen/Frost Bankers by 134.2% in the 3rd quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after purchasing an additional 310 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Cullen/Frost Bankers during the 4th quarter worth about $106,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CFR shares. DA Davidson lowered 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 report on Monday, February 3rd. Compass Point upped their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. 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 report on Monday, February 3rd. Evercore ISI raised their target price 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. Finally, Morgan Stanley cut their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $132.77.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

CFR opened at $125.32 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The business has a 50 day moving average of $134.05 and a 200-day moving average of $131.31. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.03%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 42.84%.

About Cullen/Frost Bankers

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.