Callahan Advisors LLC Sells 1,772 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Callahan Advisors LLC reduced its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,966 shares of the bank's stock after selling 1,772 shares during the period. Callahan Advisors LLC's holdings in Cullen/Frost Bankers were worth $3,754,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CFR. Boston Trust Walden Corp bought a new position in shares of Cullen/Frost Bankers during the third quarter valued at about $107,166,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cullen/Frost Bankers during the third quarter valued at about $54,012,000. The Manufacturers Life Insurance Company raised its position in Cullen/Frost Bankers by 117.4% in the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank's stock worth $63,618,000 after acquiring an additional 307,129 shares during the period. Barclays PLC raised its position in Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after acquiring an additional 305,921 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in Cullen/Frost Bankers by 13,334.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock worth $37,840,000 after acquiring an additional 279,762 shares during the period. 86.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a "sell" rating in a research report on Monday, November 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Compass Point lifted their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Finally, Maxim Group lifted their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Four investment 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $132.54.

Cullen/Frost Bankers Price Performance

NYSE:CFR traded down $2.15 during mid-day trading on Friday, hitting $140.22. 459,684 shares of the stock traded hands, compared to its average volume of 454,326. The business's 50-day moving average price is $138.39 and its 200 day moving average price is $127.60. The company has a market cap of $9.01 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 6.58 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. On average, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS 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. Shareholders of record on Friday, February 28th will be paid a $0.95 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 2.71%. Cullen/Frost Bankers's dividend payout ratio is presently 42.84%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 102,946 shares of the company's stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Company 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.