Insider Selling: Cullen/Frost Bankers (NYSE:CFR) Insider Sells $458,896.00 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) insider Paul Bracher sold 2,900 shares of Cullen/Frost Bankers stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $158.24, for a total value of $458,896.00. Following the completion of the transaction, the insider directly owned 108,736 shares of the company’s stock, valued at approximately $17,206,384.64. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $158.12 on Thursday. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.69 and a beta of 0.52. Cullen/Frost Bankers, Inc. has a 52-week low of $119.14 and a 52-week high of $170.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50 day moving average price is $157.12 and its two-hundred day moving average price is $149.60.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.04. Cullen/Frost Bankers had a net margin of 23.37% and a return on equity of 16.27%. The firm had revenue of $603.83 million for the quarter, compared to analyst estimates of $610.19 million. During the same quarter in the prior year, the business earned $2.67 earnings per share. On average, equities analysts predict that Cullen/Frost Bankers, Inc. will post 11.02 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, November 30th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 38.33%.

Analyst Ratings Changes

CFR has been the subject of several recent research reports. Wall Street Zen upgraded Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Zacks Research cut shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Stephens increased their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Barclays increased their price target on Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Monday, October 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Tuesday, October 13th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $171.55.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several institutional investors have recently added to or reduced their stakes in CFR. EFG International AG purchased a new stake in shares of Cullen/Frost Bankers during the second quarter worth $5,906,000. Squarepoint Ops LLC increased its position in shares of Cullen/Frost Bankers by 327.0% during the second quarter. Squarepoint Ops LLC now owns 34,023 shares of the bank’s stock valued at $5,257,000 after buying an additional 26,055 shares during the period. First Eagle Investment Management LLC increased its position in shares of Cullen/Frost Bankers by 22.6% during the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after buying an additional 511,784 shares during the period. State Street Corp lifted its holdings in shares of Cullen/Frost Bankers by 3.8% in the second quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock worth $497,292,000 after buying an additional 118,313 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at approximately $7,345,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc. is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and other financial services to individuals and businesses. Frost Bank’s services include consumer and commercial banking, lending, treasury management, and wealth management, including trust and investment services. The company primarily serves customers across Texas through its branches and digital banking channels. The company traces its roots to 1868, when Thomas Claiborne Frost established a mercantile business in San Antonio; banking became part of the business later in the 19th century.