Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 69.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 996 shares of the bank's stock after selling 2,300 shares during the quarter. AlphaQuest LLC's holdings in Cullen/Frost Bankers were worth $134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Cullen/Frost Bankers during the third quarter valued at about $29,000. UMB Bank n.a. raised its stake in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after buying an additional 77 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Cullen/Frost Bankers in the third quarter valued at about $44,000. Blue Trust Inc. raised its stake in Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after buying an additional 239 shares during the last quarter. Finally, Quarry LP raised its stake in Cullen/Frost Bankers by 134.2% in the third quarter. Quarry LP now owns 541 shares of the bank's stock valued at $61,000 after buying an additional 310 shares during the last quarter. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

CFR stock traded down $0.09 during trading on Friday, hitting $122.55. 1,826,592 shares of the company traded hands, compared to its average volume of 433,160. The stock's 50-day simple moving average is $136.08 and its 200 day simple moving average is $130.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $7.87 billion, a PE ratio of 13.82, a P/E/G ratio of 6.46 and a beta of 0.97. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64.

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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, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CFR shares. Compass Point increased their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Evercore ISI increased their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Finally, DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Cullen/Frost Bankers has an average rating of "Hold" and an average price target of $132.77.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers 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 sale, the insider now directly owns 102,946 shares of the company's stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.89% of the stock is owned by corporate insiders.

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.