Boston Trust Walden Corp Purchases Shares of 958,038 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Boston Trust Walden Corp purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 958,038 shares of the bank's stock, valued at approximately $107,166,000. Boston Trust Walden Corp owned about 1.50% of Cullen/Frost Bankers as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its stake in Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock valued at $30,000 after acquiring an additional 105 shares during the last quarter. Whittier Trust Co. grew its holdings in Cullen/Frost Bankers by 90.7% during the first quarter. Whittier Trust Co. now owns 391 shares of the bank's stock valued at $44,000 after purchasing an additional 186 shares during the period. Allworth Financial LP increased its position in Cullen/Frost Bankers by 116.6% in the third quarter. Allworth Financial LP now owns 444 shares of the bank's stock worth $50,000 after buying an additional 239 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Cullen/Frost Bankers in the second quarter valued at $54,000. Finally, North Star Investment Management Corp. purchased a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at $69,000. Institutional investors own 86.90% of the company's stock.

Analyst Ratings Changes

CFR has been the subject of several recent research reports. Wedbush decreased their price objective on Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Royal Bank of Canada lifted their target price on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Friday, July 26th. Evercore ISI dropped their price target on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 2nd. DA Davidson raised their price objective on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Stephens boosted their target price on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an "equal weight" rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $121.31.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 3,000 shares of the firm's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total transaction of $357,600.00. Following the sale, the executive vice president now owns 1,598 shares in the company, valued at $190,481.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.89% of the stock is owned by company insiders.

Cullen/Frost Bankers Price Performance

Shares of CFR traded down $0.07 during trading hours on Friday, reaching $127.42. 593,879 shares of the company's stock traded hands, compared to its average volume of 444,079. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm's 50 day simple moving average is $113.65 and its 200-day simple moving average is $108.28. The stock has a market cap of $8.19 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a 12 month low of $84.86 and a 12 month high of $128.90.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.14. The business had revenue of $528.81 million during the quarter, compared to analysts' expectations of $506.83 million. Cullen/Frost Bankers had a net margin of 19.51% and a return on equity of 17.43%. During the same quarter in the previous year, the company earned $2.47 EPS. Equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.59 EPS for the current year.

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.