Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Kempner Capital Management Inc.

Kempner Capital Management Inc. cut its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 9.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,161 shares of the bank's stock after selling 3,735 shares during the period. Cullen/Frost Bankers comprises approximately 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Cullen/Frost Bankers by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock valued at $855,884,000 after purchasing an additional 66,243 shares during the period. Boston Trust Walden Corp raised its position in shares of Cullen/Frost Bankers by 5.7% in the first 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 during the period. Dimensional Fund Advisors LP raised its position in shares of Cullen/Frost Bankers by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock worth $137,823,000 after acquiring an additional 6,159 shares during the period. GAMMA Investing LLC raised its position in shares of Cullen/Frost Bankers by 122,282.2% in the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock worth $125,949,000 after acquiring an additional 1,005,160 shares during the period. Finally, Northern Trust Corp raised its position in shares of Cullen/Frost Bankers by 33.7% in the fourth 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 period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $16.93 per share, with a total value 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 trade represents a 50.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Stock Up 0.8%

Shares of CFR traded up $0.97 during midday trading on Friday, reaching $124.53. The stock had a trading volume of 364,898 shares, compared to its average volume of 460,177. Cullen/Frost Bankers, Inc. has a 1-year low of $96.94 and a 1-year high of $147.64. The company's fifty day simple moving average is $123.37 and its two-hundred day simple moving average is $129.15. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 4.74 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $560.42 million for the quarter, compared to analyst estimates of $540.57 million. During the same period last year, the business earned $2.15 EPS. Equities research analysts expect 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 announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.21%. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date was Friday, May 30th. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of 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. Morgan Stanley reduced their price target on shares of 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. Evercore ISI upgraded 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 report on Friday, May 2nd. Royal Bank Of Canada dropped their price objective on shares of 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. Finally, Barclays upped their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $131.93.

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.