Ieq Capital LLC Makes New Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Ieq Capital LLC bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,974 shares of the bank's stock, valued at approximately $265,000.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its position in Cullen/Frost Bankers by 30.3% during the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank's stock worth $2,091,000 after buying an additional 4,348 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Cullen/Frost Bankers by 45.0% during the third quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank's stock worth $2,156,000 after acquiring an additional 5,981 shares in the last quarter. Barclays PLC boosted its position in Cullen/Frost Bankers by 234.5% during the third 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 during the last quarter. Hancock Whitney Corp bought a new position in Cullen/Frost Bankers in the third quarter valued at approximately $784,000. Finally, Entropy Technologies LP acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter worth approximately $389,000. Institutional investors own 86.90% of the company's stock.

Wall Street Analyst Weigh In

CFR has been the subject of several recent analyst reports. DA Davidson downgraded Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their price objective for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased 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 research note on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Compass Point raised their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI lifted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Four investment 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. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and an average target price of $132.54.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR traded down $1.23 during mid-day trading on Tuesday, reaching $133.69. The company had a trading volume of 159,381 shares, compared to its average volume of 427,243. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 6.46 and a beta of 0.99. The business's 50-day simple moving average is $138.67 and its 200 day simple moving average is $129.19. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year 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.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate 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, research analysts predict 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 will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers's payout ratio is 42.84%.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.