Cullen/Frost Bankers (NYSE:CFR) EVP Sells $124,118.73 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Carol Jean Severyn sold 837 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares in the company, valued at $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cullen/Frost Bankers Trading Down 0.3%

Shares of NYSE CFR opened at $145.80 on Thursday. The company’s fifty day moving average is $140.68 and its 200-day moving average is $137.25. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 3.69 and a beta of 0.55. Cullen/Frost Bankers, Inc. has a twelve month low of $119.00 and a twelve month high of $148.97. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The company had revenue of $574.84 million for the quarter, compared to analysts’ expectations of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period last year, the firm posted $2.30 earnings per share. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 10.53 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $1.03 per share. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 29th. Cullen/Frost Bankers’s payout ratio is 40.12%.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co. raised its holdings in shares of Cullen/Frost Bankers by 0.5% during the fourth quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock worth $1,756,000 after acquiring an additional 74 shares during the period. Matrix Trust Co raised its holdings in shares of Cullen/Frost Bankers by 40.4% during the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after acquiring an additional 92 shares during the period. Private Advisor Group LLC raised its holdings in shares of Cullen/Frost Bankers by 2.9% during the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after acquiring an additional 94 shares during the period. Cardinal Capital Management raised its holdings in shares of Cullen/Frost Bankers by 0.5% during the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after acquiring an additional 98 shares during the period. Finally, Evolve Private Wealth LLC raised its holdings in shares of Cullen/Frost Bankers by 6.0% during the first quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock worth $237,000 after acquiring an additional 98 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price target on the stock in a research report on Tuesday, May 5th. Citigroup lifted their price target on shares of Cullen/Frost Bankers from $125.00 to $131.00 and gave the stock a “sell” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $148.73.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.