Entropy Technologies LP Acquires Shares of 2,896 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Entropy Technologies LP purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,896 shares of the bank's stock, valued at approximately $389,000.

Several other institutional investors and hedge funds also recently modified their holdings of CFR. GAMMA Investing LLC lifted its holdings in shares of Cullen/Frost Bankers by 18.5% in the third quarter. GAMMA Investing LLC now owns 678 shares of the bank's stock valued at $76,000 after purchasing an additional 106 shares in the last quarter. CWM LLC lifted its holdings in shares of Cullen/Frost Bankers by 767.4% in the third quarter. CWM LLC now owns 3,383 shares of the bank's stock valued at $378,000 after purchasing an additional 2,993 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers by 8.9% in the third quarter. Procyon Advisors LLC now owns 2,212 shares of the bank's stock valued at $247,000 after purchasing an additional 180 shares in the last quarter. Asset Dedication LLC lifted its holdings in shares of Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock valued at $30,000 after purchasing an additional 105 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of Cullen/Frost Bankers by 537.5% in the third quarter. nVerses Capital LLC now owns 5,100 shares of the bank's stock valued at $570,000 after purchasing an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Analyst Upgrades and Downgrades

CFR has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Evercore ISI upped 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 note on Monday, February 10th. Stephens upped their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Maxim Group upped their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their price objective 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 assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $132.54.

Insider Transactions at Cullen/Frost Bankers

In related news, CEO Phillip D. Green sold 14,358 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the completion of the sale, the chief executive officer now directly owns 94,423 shares of the company's stock, valued at approximately $13,026,597.08. This trade represents a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Trading Down 0.2 %

Shares of Cullen/Frost Bankers stock traded down $0.25 during trading hours on Friday, hitting $143.53. The company's stock had a trading volume of 564,412 shares, compared to its average volume of 474,446. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The business has a fifty day moving average of $137.84 and a 200 day moving average of $126.65. The company has a market capitalization of $9.20 billion, a PE ratio of 16.18, a P/E/G ratio of 6.52 and a beta of 0.99. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

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, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 16.04%. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers's payout ratio is currently 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.