Cullen/Frost Bankers, Inc. (NYSE:CFR) Insider Sells $1,603,675.00 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) insider Paul Bracher sold 11,500 shares of the company's stock in a transaction on 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 completion of the sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded up $0.74 during trading hours on Thursday, reaching $141.03. The stock had a trading volume of 225,753 shares, compared to its average volume of 452,075. The stock's fifty day simple moving average is $137.59 and its 200 day simple moving average is $125.38. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The firm has a market capitalization of $9.04 billion, a PE ratio of 15.90, a PEG ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.66 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

CFR has been the subject of several research analyst reports. Citigroup raised their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a research report on Monday, November 4th. Compass Point boosted 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. Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday. DA Davidson downgraded 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 research note on Monday. Finally, Maxim Group raised their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of "Hold" and a consensus target price of $130.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Boston Trust Walden Corp bought a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at $107,166,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Cullen/Frost Bankers during the 3rd quarter valued at about $54,012,000. The Manufacturers Life Insurance Company grew its holdings in shares of Cullen/Frost Bankers by 117.4% in the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank's stock worth $63,618,000 after purchasing an additional 307,129 shares during the last quarter. Barclays PLC grew its holdings in Cullen/Frost Bankers by 234.5% in the 3rd 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. Finally, Strategic Financial Concepts LLC increased its position in shares of Cullen/Frost Bankers by 13,334.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock valued at $37,840,000 after acquiring an additional 279,762 shares during the period. Institutional investors own 86.90% of the company's stock.

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.