First National Advisers LLC Has $2.82 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

First National Advisers LLC cut its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,008 shares of the bank's stock after selling 3,607 shares during the period. First National Advisers LLC's holdings in Cullen/Frost Bankers were worth $2,821,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CFR. Covestor Ltd lifted its stake in Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank's stock valued at $25,000 after acquiring an additional 141 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Cullen/Frost Bankers by 40.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,095 shares of the bank's stock valued at $570,000 after purchasing an additional 1,462 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Cullen/Frost Bankers in the third quarter worth $305,000. KBC Group NV increased its position in Cullen/Frost Bankers by 7.2% during the third quarter. KBC Group NV now owns 4,256 shares of the bank's stock worth $476,000 after buying an additional 285 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Cullen/Frost Bankers during the third quarter valued at about $214,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Down 1.1 %

NYSE:CFR traded down $1.34 during trading hours on Thursday, hitting $122.68. The stock had a trading volume of 381,467 shares, compared to its average volume of 427,203. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97. The business's 50 day moving average is $136.34 and its 200-day moving average is $130.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.10%. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their price target for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Compass Point boosted 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 note on Tuesday, December 10th. Evercore ISI raised their target price 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. Finally, Keefe, Bruyette & Woods boosted 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 report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $132.77.

Insiders Place Their Bets

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. Company insiders own 2.89% of the company's stock.

About Cullen/Frost Bankers

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.