Matthew Bradley Henson Buys 1,870 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) CAO Matthew Bradley Henson purchased 1,870 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $16.93 per share, with a total value of $31,659.10. Following the completion of the transaction, the chief accounting officer now owns 5,545 shares in the company, valued at $93,876.85. This trade represents a 50.88 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR traded down $0.20 during trading on Friday, reaching $124.80. 223,723 shares of the company's stock traded hands, compared to its average volume of 464,711. The stock has a market capitalization of $8.02 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a 50 day moving average of $118.71 and a 200-day moving average of $131.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The firm had revenue of $560.42 million during the quarter, compared to the consensus estimate of $540.57 million. During the same period in the prior year, the business earned $2.15 EPS. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CFR. Wilmington Savings Fund Society FSB bought a new stake in shares of Cullen/Frost Bankers during the third quarter valued at approximately $29,000. Alpine Bank Wealth Management bought a new stake in shares of Cullen/Frost Bankers during the first quarter valued at about $30,000. UMB Bank n.a. lifted its holdings in 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 purchasing an additional 77 shares during the period. Blue Trust Inc. grew its position in Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after buying an additional 239 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Cullen/Frost Bankers in the first quarter valued at approximately $58,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target for the company in a report on Friday, May 2nd. Royal Bank of Canada lowered their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Barclays raised their target price on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Stephens boosted their price target on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of "Hold" and an average target price of $132.14.

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.