Trust Point Inc. Acquires Shares of 4,287 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Trust Point Inc. acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,287 shares of the bank's stock, valued at approximately $576,000.

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

Cullen/Frost Bankers Trading Down 0.3 %

CFR stock traded down $0.40 during midday trading on Friday, reaching $140.68. 500,552 shares of the company traded hands, compared to its average volume of 474,446. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The business has a 50 day moving average of $137.57 and a 200-day moving average of $125.67. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 6.52 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued 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 return on equity of 16.04% and a net margin of 18.81%. As a group, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 2.70%. Cullen/Frost Bankers's payout ratio is 42.84%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CFR. Royal Bank of Canada restated a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Citigroup increased their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a "sell" rating in a report on Monday, November 4th. Keefe, Bruyette & Woods increased their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Maxim Group increased their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Compass Point increased their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $130.31.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Bracher sold 11,500 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.89% of the company's stock.

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.