Montrusco Bolton Investments Inc. Sells 13,578 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Montrusco Bolton Investments Inc. decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 835,314 shares of the bank's stock after selling 13,578 shares during the period. Cullen/Frost Bankers accounts for 1.4% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 25th biggest position. Montrusco Bolton Investments Inc. owned approximately 1.30% of Cullen/Frost Bankers worth $104,581,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Cullen/Frost Bankers by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock valued at $855,884,000 after acquiring an additional 66,243 shares in the last quarter. Boston Trust Walden Corp increased its position in Cullen/Frost Bankers by 5.7% in the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock valued at $139,282,000 after acquiring an additional 60,187 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cullen/Frost Bankers by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock valued at $137,823,000 after purchasing an additional 6,159 shares during the period. GAMMA Investing LLC boosted its stake in Cullen/Frost Bankers by 122,282.2% during the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after buying an additional 1,005,160 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Cullen/Frost Bankers by 33.7% in the 4th quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock worth $130,703,000 after acquiring an additional 245,458 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Up 0.1%

Shares of Cullen/Frost Bankers stock traded up $0.18 during trading on Friday, hitting $138.71. The company's stock had a trading volume of 328,792 shares, compared to its average volume of 442,968. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.94 and a beta of 0.68. The stock has a 50-day moving average price of $129.98 and a two-hundred day moving average price of $128.81. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. The company had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. During the same quarter last year, the business posted $2.15 EPS. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $1.00 dividend. The ex-dividend date was Friday, May 30th. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a yield of 2.88%. Cullen/Frost Bankers's payout ratio is currently 43.91%.

Insiders Place Their Bets

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average cost of $16.93 per share, with a total value of $31,659.10. Following the completion of the purchase, the chief accounting officer directly owned 5,545 shares in the company, valued at approximately $93,876.85. This represents a 50.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of recent analyst reports. Evercore ISI upgraded 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 note on Friday, May 2nd. Barclays upped their price objective on Cullen/Frost Bankers from $135.00 to $155.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Jefferies Financial Group began coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 target price on the stock. Stephens boosted their target price on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Raymond James Financial raised Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $134.79.

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.