D.A. Davidson & CO. Sells 8,288 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

D.A. Davidson & CO. reduced its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 83.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626 shares of the bank's stock after selling 8,288 shares during the quarter. D.A. Davidson & CO.'s holdings in Cullen/Frost Bankers were worth $218,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CFR. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at $54,012,000. The Manufacturers Life Insurance Company raised its position in shares of Cullen/Frost Bankers by 117.4% during the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank's stock worth $63,618,000 after purchasing an additional 307,129 shares during the period. Barclays PLC lifted its holdings in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after purchasing an additional 305,921 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Cullen/Frost Bankers by 13,334.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock valued at $37,840,000 after purchasing an additional 279,762 shares during the period. Finally, Champlain Investment Partners LLC raised its holdings in Cullen/Frost Bankers by 7.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank's stock worth $381,897,000 after buying an additional 244,445 shares during the period. 86.90% of the stock is currently owned by institutional investors.

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Cullen/Frost Bankers Stock Performance

Shares of CFR traded down $2.40 during midday trading on Monday, reaching $134.63. The stock had a trading volume of 256,900 shares, compared to its average volume of 427,943. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $138.66 and a 200-day simple moving average of $129.00. The firm has a market cap of $8.65 billion, a PE ratio of 15.18, a P/E/G ratio of 6.46 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 2.82%. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Wall Street Analyst Weigh In

CFR has been the subject of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Compass Point increased their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Evercore ISI boosted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Citigroup lifted their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a research report on Monday, November 4th. Finally, DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $132.54.

Insider Activity

In other news, insider Paul Bracher sold 11,500 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.