1 week Ago By ABMN Staff
Nisa Investment Advisors LLC decreased its stake in shares of Cullen/Frost Bankers, Inc. ( NYSE:CFR – Free Report ) by 6.2% during the fourth quarter, HoldingsChannel.
com reports. The fund owned 33,390 shares of the bank’s stock after selling 2,200 shares during the period. Nisa Investment Advisors LLC’s holdings in Cullen/Frost Bankers were worth $4,483,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFR. Evergreen Capital Management LLC grew its holdings in Cullen/Frost Bankers by 49.3% in the 2nd quarter.
Evergreen Capital Management LLC now owns 2,861 shares of the bank’s stock valued at $291,000 after buying an additional 945 shares during the last quarter. Bank of Montreal Can grew its holdings in Cullen/Frost Bankers by 3.4% in the 2nd quarter.
Bank of Montreal Can now owns 21,699 shares of the bank’s stock valued at $2,208,000 after buying an additional 717 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Cullen/Frost Bankers in the 2nd quarter valued at approximately $207,000. Susquehanna Fundamental Investments LLC acquired a new stake in Cullen/Frost Bankers in the 2nd quarter valued at approximately $2,732,000.
Finally, Algert Global LLC grew its holdings in Cullen/Frost Bankers by 19.7% in the 2nd quarter. Algert Global LLC now owns 37,301 shares of the bank’s stock valued at $3,791,000 after buying an additional 6,143 shares during the last quarter.
Institutional investors and hedge funds own 86.90% of the company’s stock. Wall Street Analyst Weigh In A number of research firms have issued reports on CFR.
Morgan Stanley lowered their target price on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a report on Monday, September 30th.
Compass Point raised their price objective 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.
Maxim Group raised their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.
Stephens raised their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st.
Finally, Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.
Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $127.07.
Insider Buying and Selling at Cullen/Frost Bankers In other news, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $137.
96, for a total value of $1,980,829.68. Following the completion of the sale, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.
08. This trade represents a 13.20 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, EVP Bobby Berman sold 3,506 shares of Cullen/Frost Bankers stock in a transaction on Friday, November 1st. The shares were sold at an average price of $126.
31, for a total value of $442,842.86. Following the completion of the sale, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at $3,367,550.
91. This trade represents a 11.62 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last quarter, insiders sold 21,864 shares of company stock worth $2,977,033. 2.
89% of the stock is currently owned by insiders. Cullen/Frost Bankers Trading Down 0.9 % Shares of CFR opened at $138.
96 on Friday. The stock has a fifty day moving average price of $137.79 and a two-hundred day moving average price of $123.
63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.
66 and a current ratio of 0.66. Cullen/Frost Bankers, Inc.
has a 52-week low of $94.09 and a 52-week high of $147.64.
The company has a market cap of $8.91 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.
73 and a beta of 1.00. Cullen/Frost Bankers ( NYSE:CFR – Get Free Report ) last issued its quarterly earnings data on Thursday, October 31st.
The bank reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.
07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.
81%. The firm had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.
25 million. During the same quarter in the previous year, the company posted $2.38 EPS.
The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts predict that Cullen/Frost Bankers, Inc.
will post 8.76 EPS for the current fiscal year. Cullen/Frost Bankers Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th.
Shareholders of record on Friday, November 29th were given a $0.95 dividend. The ex-dividend date was Friday, November 29th.
This represents a $3.80 annualized dividend and a yield of 2.73%.
Cullen/Frost Bankers’s payout ratio is 47.15%. Cullen/Frost Bankers Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding CFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cullen/Frost Bankers, Inc.
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