Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Montrusco Bolton Investments Inc.

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

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

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR traded up $0.18 during midday trading on Friday, reaching $138.71. The company had a trading volume of 328,792 shares, compared to its average volume of 447,461. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The business's 50-day simple moving average is $129.71 and its 200 day simple moving average is $128.84. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $147.64. The stock has a market cap of $8.92 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.88 and a beta of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its 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 firm had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. During the same quarter last year, the company posted $2.15 earnings per share. On average, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Friday, May 30th. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

Insider Activity

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson bought 1,870 shares of Cullen/Frost Bankers stock in a transaction that occurred 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 directly owned 5,545 shares in the company, valued at approximately $93,876.85. This trade represents a 50.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CFR shares. Royal Bank Of Canada decreased their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price for the company in a research report on Friday, May 2nd. Stephens increased their target price on shares of 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. Barclays increased their target price on shares of Cullen/Frost Bankers from $135.00 to $155.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial raised shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $134.79.

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.