37,993 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,993 shares of the bank's stock, valued at approximately $5,101,000. Proficio Capital Partners LLC owned approximately 0.06% of Cullen/Frost Bankers as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Covestor Ltd raised its position in shares of Cullen/Frost Bankers by 169.9% in the 3rd quarter. Covestor Ltd now owns 224 shares of the bank's stock valued at $25,000 after buying an additional 141 shares in the last quarter. UMB Bank n.a. increased its stake in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after acquiring an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers during the third quarter valued at approximately $29,000. Blue Trust Inc. lifted its stake in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Cullen/Frost Bankers during the third quarter worth $44,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Up 1.1 %

Shares of CFR stock traded up $1.46 during mid-day trading on Friday, hitting $129.32. The company's stock had a trading volume of 410,244 shares, compared to its average volume of 422,841. The company has a market cap of $8.31 billion, a PE ratio of 14.58, a P/E/G ratio of 6.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The company's fifty day simple moving average is $138.26 and its 200-day simple moving average is $129.33. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.94%. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CFR. Evercore ISI boosted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Compass Point increased their target price on shares of 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 reaffirmed a "sector perform" rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their price objective for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their target price 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, February 3rd. Four 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $132.54.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction that occurred 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 in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers 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.