Stifel Financial Corp Grows Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Stifel Financial Corp boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,607 shares of the bank’s stock after buying an additional 3,133 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Cullen/Frost Bankers worth $7,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of Cullen/Frost Bankers by 0.4% in the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank’s stock valued at $2,370,000 after purchasing an additional 74 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Cullen/Frost Bankers by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock valued at $291,000 after purchasing an additional 77 shares in the last quarter. UMB Bank n.a. raised 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 purchasing an additional 77 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Cullen/Frost Bankers by 4.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank’s stock valued at $280,000 after purchasing an additional 86 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Cullen/Frost Bankers by 4.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock valued at $294,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $116.71 on Tuesday. The stock has a 50-day simple moving average of $121.41 and a two-hundred day simple moving average of $131.17. The firm has a market capitalization of $7.50 billion, a P/E ratio of 13.16, a PEG ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data 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 15.95% and a net margin of 20.44%. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction dated 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 completion of the transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CFR shares. Morgan Stanley reduced their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Evercore ISI boosted their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Barclays initiated coverage on shares of Cullen/Frost Bankers in a research note on Tuesday, April 1st. They set an “equal weight” rating and a $130.00 price objective for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $132.57.

Cullen/Frost Bankers Company 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.