Cullen/Frost Bankers, Inc. (NYSE:CFR) CAO Buys $31,659.10 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) CAO Matthew Bradley Henson acquired 1,870 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the purchase, the chief accounting officer now directly owns 5,545 shares in the company, valued at $93,876.85. This trade represents a 50.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cullen/Frost Bankers Stock Up 0.0 %

NYSE:CFR traded up $0.01 during trading hours on Monday, hitting $125.24. 175,006 shares of the company traded hands, compared to its average volume of 464,328. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The company has a market cap of $8.05 billion, a PE ratio of 14.13, a PEG ratio of 6.46 and a beta of 0.67. The firm's 50-day simple moving average is $119.84 and its 200-day simple moving average is $131.11. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. The company had revenue of $560.42 million for the quarter, compared to analyst estimates of $540.57 million. During the same period last year, the firm earned $2.15 earnings per share. Equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a dividend yield of 3.19%. Cullen/Frost Bankers's dividend payout ratio is currently 41.71%.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System grew its stake in Cullen/Frost Bankers by 0.4% in the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after purchasing an additional 74 shares during the period. Ballentine Partners LLC grew its position in Cullen/Frost Bankers by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 2,164 shares of the bank's stock valued at $291,000 after buying an additional 77 shares during the period. UMB Bank n.a. increased its holdings in Cullen/Frost Bankers by 45.8% during 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 during the last quarter. Quadrant Capital Group LLC raised its position in Cullen/Frost Bankers by 4.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock worth $280,000 after acquiring an additional 86 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in Cullen/Frost Bankers by 4.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after acquiring an additional 89 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CFR has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Friday. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective on the stock in a research report on Friday. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Morgan Stanley dropped their price target on 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, Royal Bank of Canada reduced their price objective on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has an average rating of "Hold" and a consensus 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.

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