Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,027 shares of the bank's stock after selling 3,300 shares during the period. Bryn Mawr Capital Management LLC's holdings in Cullen/Frost Bankers were worth $809,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cardinal Capital Management raised its holdings in Cullen/Frost Bankers by 3.1% during the fourth quarter. Cardinal Capital Management now owns 16,892 shares of the bank's stock worth $2,268,000 after purchasing an additional 501 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Cullen/Frost Bankers by 12.7% during the 4th quarter. Venturi Wealth Management LLC now owns 6,753 shares of the bank's stock worth $907,000 after buying an additional 761 shares during the last quarter. Truist Financial Corp raised its stake in shares of Cullen/Frost Bankers by 122.1% during the 4th quarter. Truist Financial Corp now owns 32,842 shares of the bank's stock worth $4,409,000 after buying an additional 18,053 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Cullen/Frost Bankers by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 2,016 shares of the bank's stock worth $271,000 after buying an additional 103 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Cullen/Frost Bankers by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank's stock valued at $110,418,000 after acquiring an additional 16,223 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup lifted their target price 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. Stephens lifted their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Royal Bank of Canada reiterated a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Finally, Maxim Group upped their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $132.54.

Cullen/Frost Bankers Trading Down 1.5 %

Cullen/Frost Bankers stock traded down $2.15 during trading on Friday, reaching $140.22. The company had a trading volume of 459,684 shares, compared to its average volume of 454,326. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-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 stock's 50 day moving average price is $138.39 and its two-hundred day moving average price is $127.60. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 6.58 and a beta of 0.99.

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 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%. As a group, 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 company 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 dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.71%. Cullen/Frost Bankers's dividend payout ratio is presently 42.84%.

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.