Fuller & Thaler Asset Management Inc. Lowers Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Fuller & Thaler Asset Management Inc. lessened its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 95.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,495 shares of the bank's stock after selling 152,588 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Cullen/Frost Bankers were worth $872,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CFR. Barclays PLC lifted its position in shares of Cullen/Frost Bankers by 234.5% in the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after purchasing an additional 305,921 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $29,000. Tidal Investments LLC lifted its position in shares of Cullen/Frost Bankers by 30.3% in the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank's stock worth $2,091,000 after purchasing an additional 4,348 shares during the period. Franklin Resources Inc. lifted its position in shares of Cullen/Frost Bankers by 167.8% in the 3rd quarter. Franklin Resources Inc. now owns 7,507 shares of the bank's stock worth $901,000 after purchasing an additional 4,704 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $2,037,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

CFR traded up $2.54 on Thursday, reaching $119.01. The stock had a trading volume of 236,855 shares, compared to its average volume of 462,892. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The business's 50-day moving average price is $120.44 and its two-hundred day moving average price is $130.97. The company has a market cap of $7.65 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CFR shares. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research report on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on shares of 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. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their target price for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Evercore ISI increased 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. Finally, Royal Bank of Canada reiterated 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. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of "Hold" and an average target price of $132.57.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the sale, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.