Ceredex Value Advisors LLC Sells 6,630 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Ceredex Value Advisors LLC cut its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,832 shares of the bank's stock after selling 6,630 shares during the quarter. Ceredex Value Advisors LLC owned about 0.18% of Cullen/Frost Bankers worth $15,819,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at $29,000. UMB Bank n.a. raised its position in shares of Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after buying an additional 77 shares in the last quarter. Blue Trust Inc. boosted 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 valued at $46,000 after buying an additional 239 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Cullen/Frost Bankers by 35.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after buying an additional 120 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Cullen/Frost Bankers in the 4th quarter worth about $106,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CFR shares. Evercore ISI lifted their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Barclays assumed coverage on shares of Cullen/Frost Bankers in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price target on the stock. Finally, Keefe, Bruyette & Woods upped their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $132.57.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR traded down $1.70 during midday trading on Monday, reaching $109.90. 78,900 shares of the company's stock traded hands, compared to its average volume of 467,500. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The stock has a 50 day moving average of $124.91 and a 200 day moving average of $131.20. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 6.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. As a group, equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.46%. Cullen/Frost Bankers's payout ratio is 42.84%.

Insider Buying and Selling 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.89% of the company's stock.

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.