New Age Alpha Advisors LLC Invests $1.01 Million in Cullen/Frost Bankers, Inc. (NYSE:CFR)

New Age Alpha Advisors LLC acquired a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,549 shares of the bank's stock, valued at approximately $1,013,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tidal Investments LLC lifted its holdings 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 during the last quarter. Barclays PLC lifted its stake in 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 purchasing an additional 305,921 shares during the last quarter. HighTower Advisors LLC lifted its stake in Cullen/Frost Bankers by 8.3% during the fourth quarter. HighTower Advisors LLC now owns 13,083 shares of the bank's stock worth $1,756,000 after purchasing an additional 1,003 shares during the last quarter. Entropy Technologies LP acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at approximately $389,000. Finally, National Bank of Canada FI purchased a new position in Cullen/Frost Bankers in the third quarter valued at approximately $1,586,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on CFR. Royal Bank of Canada restated a "sector perform" rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. 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 report on Monday, February 10th. Compass Point upped their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, DA Davidson downgraded Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their price target for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus price target of $132.57.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock traded down $5.03 during mid-day trading on Friday, hitting $106.68. The stock had a trading volume of 1,226,018 shares, compared to its average volume of 459,167. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The company's 50-day simple moving average is $132.13 and its 200-day simple moving average is $131.35. The firm has a market cap of $6.86 billion, a PE ratio of 12.03, a PEG ratio of 6.46 and a beta of 0.82.

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

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers's payout ratio is 42.84%.

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.