Proficio Capital Partners LLC Purchases New Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Proficio Capital Partners LLC bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 37,993 shares of the bank's stock, valued at approximately $5,101,000. Proficio Capital Partners LLC owned approximately 0.06% of Cullen/Frost Bankers at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC lifted its holdings in shares of Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank's stock valued at $381,897,000 after purchasing an additional 244,445 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Cullen/Frost Bankers by 10.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank's stock valued at $135,252,000 after purchasing an additional 111,719 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank's stock valued at $122,820,000 after purchasing an additional 66,223 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Cullen/Frost Bankers by 9.8% in the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank's stock valued at $141,270,000 after purchasing an additional 94,252 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Cullen/Frost Bankers by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank's stock valued at $110,418,000 after purchasing an additional 16,223 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.89% of the stock is owned by company insiders.

Cullen/Frost Bankers Stock Performance

NYSE CFR traded down $1.34 during trading on Thursday, reaching $122.68. 381,455 shares of the company's stock were exchanged, compared to its average volume of 427,203. The business has a 50 day moving average price of $136.34 and a 200-day moving average price of $130.29. The stock has a market capitalization of $7.88 billion, a P/E ratio of 13.83, a PEG ratio of 6.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers's payout ratio is 42.84%.

Analyst Ratings Changes

A number of brokerages have recently commented on CFR. Compass Point boosted their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. DA Davidson downgraded Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their target price for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Finally, Evercore ISI lifted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $132.77.

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.