Tidal Investments LLC Buys 4,348 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Tidal Investments LLC raised its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 30.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,689 shares of the bank's stock after buying an additional 4,348 shares during the quarter. Tidal Investments LLC's holdings in Cullen/Frost Bankers were worth $2,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFR. Boston Trust Walden Corp acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $107,166,000. Vaughan Nelson Investment Management L.P. bought a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $54,012,000. Deprince Race & Zollo Inc. acquired a new stake in Cullen/Frost Bankers in the second quarter worth $37,813,000. The Manufacturers Life Insurance Company raised its holdings in 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 period. Finally, Barclays PLC boosted its position in shares of 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 in the last quarter. Institutional investors own 86.90% of the company's stock.

Insider Activity

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the transaction, the chief executive officer now owns 94,423 shares of the company's stock, valued at $13,026,597.08. The trade was a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the sale, the executive vice president now directly owns 26,661 shares of the company's stock, valued at approximately $3,367,550.91. The trade was a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,864 shares of company stock valued at $2,977,033. 2.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on CFR. Stephens upped their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Evercore ISI cut their price objective on Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating on the stock in a report on Wednesday, October 2nd. Maxim Group boosted their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Wedbush dropped their target price on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $127.07.

Cullen/Frost Bankers Stock Down 2.1 %

Cullen/Frost Bankers stock traded down $2.95 during mid-day trading on Tuesday, reaching $136.62. The company's stock had a trading volume of 475,964 shares, compared to its average volume of 444,484. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The business's 50 day simple moving average is $133.08 and its 200 day simple moving average is $116.11. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. During the same period in the prior year, the business posted $2.38 EPS. The company's quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.75 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Friday, November 29th. Cullen/Frost Bankers's dividend payout ratio is currently 47.15%.

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.