Bobby Berman Sells 1,000 Shares of Cullen/Frost Bankers (NYSE:CFR) Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the sale, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cullen/Frost Bankers Stock Up 1.1%

Shares of NYSE CFR opened at $140.60 on Wednesday. The stock has a market capitalization of $8.99 billion, a P/E ratio of 14.17, a PEG ratio of 5.13 and a beta of 0.65. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $145.53. The firm’s 50 day simple moving average is $131.87 and its two-hundred day simple moving average is $128.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $578.05 million. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.79%. During the same quarter in the prior year, the company earned $2.36 EPS. As a group, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.00 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.8%. Cullen/Frost Bankers’s payout ratio is currently 40.32%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in shares of Cullen/Frost Bankers during the third quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in Cullen/Frost Bankers in the third quarter worth about $28,000. GoalVest Advisory LLC bought a new stake in Cullen/Frost Bankers during the 3rd quarter valued at approximately $28,000. Blue Trust Inc. boosted its position in Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after acquiring an additional 264 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CFR shares. DA Davidson raised their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Citigroup increased their price objective on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research note on Monday. Barclays lifted their target price on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a report on Monday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $140.92.

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.