National Bank of Canada FI Sells 3,369 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

National Bank of Canada FI lessened its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,807 shares of the bank's stock after selling 3,369 shares during the quarter. National Bank of Canada FI's holdings in Cullen/Frost Bankers were worth $1,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after buying an additional 77 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at about $29,000. Blue Trust Inc. raised its position in Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after buying an additional 239 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Cullen/Frost Bankers by 35.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after buying an additional 120 shares during the last quarter. Finally, Quarry LP raised its position in Cullen/Frost Bankers by 134.2% during the third quarter. Quarry LP now owns 541 shares of the bank's stock worth $61,000 after acquiring an additional 310 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is owned by company insiders.

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Cullen/Frost Bankers Trading Up 0.9 %

Shares of NYSE:CFR traded up $0.99 during midday trading on Monday, hitting $108.72. 14,513 shares of the stock traded hands, compared to its average volume of 464,836. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $127.84 and its two-hundred day moving average is $131.14. The stock has a market capitalization of $6.99 billion, a PE ratio of 12.26, a P/E/G ratio of 6.46 and a beta of 0.82. 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 announced its earnings results 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 return on equity of 15.95% and a net margin of 20.44%. As a group, research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.50%. Cullen/Frost Bankers's payout ratio is 42.84%.

Analyst Upgrades and Downgrades

CFR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on 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. 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 report on Monday, February 3rd. Evercore ISI lifted their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Royal Bank of Canada restated a "sector perform" rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Finally, 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 research report on Thursday, March 13th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $132.57.

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.