2,218 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Bought by Forum Financial Management LP

Forum Financial Management LP purchased a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,218 shares of the bank's stock, valued at approximately $298,000.

A number of other institutional investors have also recently added to or reduced their stakes in CFR. Blue Trust Inc. boosted its holdings in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after acquiring an additional 239 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Cullen/Frost Bankers by 35.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after acquiring an additional 120 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Cullen/Frost Bankers in the 4th quarter worth $106,000. Americana Partners LLC acquired a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at about $202,000. Finally, Focus Partners Wealth acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at about $204,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Matthew Bradley Henson acquired 1,870 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the transaction, the chief accounting officer now owns 5,545 shares of the company's stock, valued at approximately $93,876.85. This represents a 50.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CFR shares. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target for the company in a research note on Friday, May 2nd. Jefferies Financial Group assumed coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They set an "underperform" rating and a $105.00 target price for the company. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Stephens boosted their target price on shares of 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, Morgan Stanley dropped their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $131.93.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR traded down $2.09 during trading hours on Friday, reaching $127.04. The stock had a trading volume of 387,942 shares, compared to its average volume of 466,499. The firm has a 50-day moving average of $120.07 and a 200-day moving average of $130.59. 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 firm has a market cap of $8.17 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.95% and a net margin of 20.44%. The business had revenue of $560.42 million for the quarter, compared to analysts' expectations of $540.57 million. During the same quarter last year, the firm earned $2.15 earnings per share. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.15%. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date is Friday, May 30th. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 43.91%.

Cullen/Frost Bankers Company 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.