Boston Trust Walden Corp Has $139.28 Million Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Boston Trust Walden Corp boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,112,477 shares of the bank's stock after buying an additional 60,187 shares during the period. Cullen/Frost Bankers makes up about 1.0% of Boston Trust Walden Corp's holdings, making the stock its 14th biggest position. Boston Trust Walden Corp owned approximately 1.73% of Cullen/Frost Bankers worth $139,282,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CFR. GAMMA Investing LLC increased its holdings in shares of Cullen/Frost Bankers by 122,282.2% during the 1st quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after acquiring an additional 1,005,160 shares during the last quarter. Norges Bank acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at about $69,591,000. Madison Investment Advisors LLC bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at approximately $46,223,000. Northern Trust Corp boosted its stake in Cullen/Frost Bankers by 33.7% during the 4th quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock valued at $130,703,000 after purchasing an additional 245,458 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at approximately $21,181,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Matthew Bradley Henson purchased 1,870 shares of the company's stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $16.93 per share, with a total value of $31,659.10. Following the purchase, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at $93,876.85. This trade represents a 50.88% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.89% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CFR. Royal Bank Of Canada decreased their target price 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. Barclays increased 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. Morgan Stanley reduced their price objective on 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. Stephens raised their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Jefferies Financial Group began coverage on Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $131.93.

Cullen/Frost Bankers Price Performance

CFR stock traded up $0.97 during midday trading on Friday, reaching $124.53. 364,898 shares of the company's stock traded hands, compared to its average volume of 461,430. The company has a 50-day simple moving average of $123.37 and a two-hundred day simple moving average of $129.22. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 4.71 and a beta of 0.68. Cullen/Frost Bankers, Inc. has a 1-year low of $96.94 and a 1-year high of $147.64. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06.

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, beating the consensus estimate of $2.17 by $0.13. The company had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. During the same period last year, the firm earned $2.15 EPS. On average, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $1.00 dividend. 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 3.21%. The ex-dividend date of this dividend was Friday, May 30th. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 43.91%.

Cullen/Frost Bankers Profile

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.