Whittier Trust Co. Has $8.41 Million Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Whittier Trust Co. lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,649 shares of the bank's stock after buying an additional 2,881 shares during the quarter. Whittier Trust Co. owned about 0.10% of Cullen/Frost Bankers worth $8,410,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CFR. GSA Capital Partners LLP bought a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $305,000. CIBC Asset Management Inc acquired a new position in Cullen/Frost Bankers in the 3rd quarter valued at $214,000. Quest Partners LLC bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at $369,000. Pathstone Holdings LLC grew its holdings in shares of Cullen/Frost Bankers by 45.0% during the 3rd quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank's stock worth $2,156,000 after purchasing an additional 5,981 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Cullen/Frost Bankers in the third quarter worth $200,000. Institutional investors own 86.90% of the company's stock.

Analyst Ratings Changes

CFR has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Evercore ISI boosted their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their target price on 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, Morgan Stanley decreased their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $132.77.

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Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of the firm'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 transaction of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares of the company's stock, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Trading Down 0.5 %

Shares of CFR stock traded down $0.68 on Tuesday, hitting $125.30. The company had a trading volume of 441,823 shares, compared to its average volume of 433,520. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $8.05 billion, a P/E ratio of 14.13, a P/E/G ratio of 6.46 and a beta of 0.97. The stock's 50-day moving average is $135.70 and its two-hundred day moving average is $130.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.03%. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

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.