Kingswood Wealth Advisors LLC Buys Shares of 2,395 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Kingswood Wealth Advisors LLC purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,395 shares of the bank's stock, valued at approximately $322,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after purchasing an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $29,000. Asset Dedication LLC boosted its position in shares of Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock valued at $30,000 after buying an additional 105 shares during the period. UMB Bank n.a. grew its stake in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $44,000. 86.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CFR. Stephens increased their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Maxim Group upped their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the company from $138.00 to $143.00 in a research report on Monday. Keefe, Bruyette & Woods upped their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $130.31.

Cullen/Frost Bankers Price Performance

CFR stock traded up $2.83 during midday trading on Tuesday, reaching $138.70. The stock had a trading volume of 358,070 shares, compared to its average volume of 469,667. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The company's fifty day simple moving average is $137.63 and its 200 day simple moving average is $125.28. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 16.04%. As a group, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.66 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.74%. Cullen/Frost Bankers's dividend payout ratio is presently 42.84%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the firm's 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 $13,026,597.08. This trade represents a 13.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,858 shares of company stock worth $4,137,865. 3.00% of the stock is owned by corporate insiders.

About Cullen/Frost Bankers

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.