3,480 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,480 shares of the bank’s stock, valued at approximately $392,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at $72,627,000. Goldman Sachs Group Inc. raised its stake in shares of Cullen/Frost Bankers by 44.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after acquiring an additional 244,197 shares during the last quarter. Polaris Capital Management LLC raised its stake in shares of Cullen/Frost Bankers by 87.9% during the fourth quarter. Polaris Capital Management LLC now owns 359,100 shares of the bank’s stock valued at $38,959,000 after acquiring an additional 168,000 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Cullen/Frost Bankers by 2,414.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 153,051 shares of the bank’s stock worth $16,605,000 after purchasing an additional 146,963 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Cullen/Frost Bankers by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock worth $85,451,000 after purchasing an additional 131,726 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.9 %

Shares of CFR stock traded down $0.97 during trading hours on Tuesday, hitting $104.32. 504,105 shares of the company’s stock traded hands, compared to its average volume of 424,401. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $109.03 and its two-hundred day simple moving average is $104.18. Cullen/Frost Bankers, Inc. has a 12-month low of $82.25 and a 12-month high of $120.31. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.33 and a beta of 1.04.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter last year, the firm posted $2.70 earnings per share. On average, analysts expect that Cullen/Frost Bankers, Inc. will post 8.46 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, May 31st. Cullen/Frost Bankers’s dividend payout ratio is presently 43.50%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CFR. Compass Point cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. UBS Group boosted their price objective on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of Cullen/Frost Bankers in a research report on Friday. Morgan Stanley boosted their price target on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, DA Davidson reissued a “buy” rating and issued a $126.00 price target on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.46.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the sale, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the sale, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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.