Riverwater Partners LLC Has $1.73 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Riverwater Partners LLC lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 62.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,906 shares of the bank's stock after purchasing an additional 4,957 shares during the quarter. Riverwater Partners LLC's holdings in Cullen/Frost Bankers were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC increased its holdings in Cullen/Frost Bankers by 30.3% in the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank's stock valued at $2,091,000 after buying an additional 4,348 shares during the period. Barclays PLC increased its stake in Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after acquiring an additional 305,921 shares during the period. HighTower Advisors LLC raised its position in Cullen/Frost Bankers by 8.3% in 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 in the last quarter. Entropy Technologies LP bought a new position in Cullen/Frost Bankers during the fourth quarter worth about $389,000. Finally, National Bank of Canada FI bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $1,586,000. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Trading Down 8.0 %

Shares of CFR traded down $9.16 on Thursday, reaching $105.35. 190,174 shares of the company's stock were exchanged, compared to its average volume of 464,868. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The stock has a market capitalization of $6.77 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $129.04 and a two-hundred day moving average price of $131.07.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating 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%. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.61%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CFR has been the topic of several recent analyst reports. Evercore ISI boosted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $144.00 target price 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 lifted their price target for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods boosted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $132.57.

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.