Kempner Capital Management Inc. Sells 3,735 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Kempner Capital Management Inc. cut its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 9.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,161 shares of the bank's stock after selling 3,735 shares during the quarter. Cullen/Frost Bankers comprises 2.5% of Kempner Capital Management Inc.'s investment portfolio, making the stock its 20th biggest holding. Kempner Capital Management Inc. owned approximately 0.06% of Cullen/Frost Bankers worth $4,527,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in shares of Cullen/Frost Bankers by 8.3% during the fourth quarter. HighTower Advisors LLC now owns 13,083 shares of the bank's stock valued at $1,756,000 after purchasing an additional 1,003 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after purchasing an additional 146 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after acquiring an additional 66,243 shares in the last quarter. US Bancorp DE boosted its holdings in Cullen/Frost Bankers by 15.1% in the fourth quarter. US Bancorp DE now owns 4,339 shares of the bank's stock worth $583,000 after acquiring an additional 568 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Cullen/Frost Bankers by 42.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,090 shares of the bank's stock worth $549,000 after acquiring an additional 1,222 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of the business's stock in a transaction on Friday, May 2nd. The stock was acquired 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 now owns 5,545 shares of the company's stock, valued at approximately $93,876.85. This trade represents a 50.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Stock Up 0.8%

Shares of CFR stock traded up $0.97 during mid-day trading on Friday, hitting $124.53. The company's stock had a trading volume of 364,898 shares, compared to its average volume of 461,430. The stock 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. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a 52-week low of $96.94 and a 52-week high of $147.64. The business has a 50-day moving average price of $123.37 and a 200 day moving average price of $129.22.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business earned $2.15 earnings per share. Research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend 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 is 43.91%.

Analysts Set New Price Targets

CFR has been the topic of several analyst reports. Jefferies Financial Group initiated 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. Barclays boosted their target price on Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price on the stock in a report on Friday, May 2nd. Royal Bank Of Canada dropped their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Finally, 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. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $131.93.

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.