Cullen/Frost Bankers, Inc. (NYSE:CFR) Holdings Lowered by Martin Capital Partners LLC

Martin Capital Partners LLC cut its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 59.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,516 shares of the bank's stock after selling 31,521 shares during the quarter. Cullen/Frost Bankers accounts for about 3.4% of Martin Capital Partners LLC's holdings, making the stock its 3rd biggest holding. Martin Capital Partners LLC's holdings in Cullen/Frost Bankers were worth $2,888,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC raised 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 purchasing an additional 4,348 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Cullen/Frost Bankers by 45.0% in the third quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank's stock valued at $2,156,000 after buying an additional 5,981 shares during the period. Barclays PLC raised its position in shares of Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after acquiring an additional 305,921 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Cullen/Frost Bankers by 10.0% in the third quarter. Raymond James & Associates now owns 119,447 shares of the bank's stock worth $13,361,000 after acquiring an additional 10,884 shares during the period. Finally, Hancock Whitney Corp bought a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $784,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Stock Down 0.3 %

Shares of NYSE CFR traded down $0.40 during mid-day trading on Friday, reaching $140.68. 500,552 shares of the company's stock traded hands, compared to its average volume of 474,446. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The stock has a market cap of $9.02 billion, a P/E ratio of 15.86, a PEG ratio of 6.52 and a beta of 0.99. The business has a 50-day simple moving average of $137.57 and a 200 day simple moving average of $125.67.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. On average, analysts expect that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current fiscal 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 paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup boosted their price target 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. Compass Point increased their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a "sector perform" rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Stephens upped their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $130.31.

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.