Cullen/Frost Bankers, Inc. (NYSE:CFR) Position Cut by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 348,310 shares of the bank's stock after selling 86,044 shares during the period. Cullen/Frost Bankers makes up 0.9% of Deprince Race & Zollo Inc.'s investment portfolio, making the stock its 29th largest holding. Deprince Race & Zollo Inc. owned approximately 0.54% of Cullen/Frost Bankers worth $46,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CFR. UMB Bank n.a. increased its holdings in shares of Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after purchasing an additional 77 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Cullen/Frost Bankers in the third quarter worth approximately $29,000. Blue Trust Inc. increased its stake in shares of Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Cullen/Frost Bankers by 35.3% in 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 during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Cullen/Frost Bankers during the 4th quarter worth approximately $106,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Price Performance

CFR stock traded up $0.32 during trading on Tuesday, reaching $130.34. 107,334 shares of the company were exchanged, compared to its average volume of 463,937. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $8.38 billion, a P/E ratio of 14.69, a PEG ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The stock's 50 day moving average price is $118.73 and its 200 day moving average price is $131.11.

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

Cullen/Frost Bankers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $1.00 per share. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date is Friday, May 30th. This represents a $4.00 annualized dividend and a yield of 3.07%. Cullen/Frost Bankers's payout ratio is 43.91%.

Analyst Ratings Changes

CFR has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped 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, May 2nd. Stephens boosted their target price on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. 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 research note on Monday, February 3rd. Finally, Morgan Stanley decreased their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Two 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $132.14.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.89% of the stock is currently owned by company insiders.

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.