Mariner LLC Buys 3,135 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Mariner LLC increased its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,888 shares of the bank's stock after acquiring an additional 3,135 shares during the quarter. Mariner LLC's holdings in Cullen/Frost Bankers were worth $1,596,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Arizona State Retirement System grew its holdings in shares of Cullen/Frost Bankers by 0.4% during the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after purchasing an additional 74 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Cullen/Frost Bankers by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank's stock valued at $291,000 after purchasing an additional 77 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Cullen/Frost Bankers by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock valued at $280,000 after purchasing an additional 86 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Cullen/Frost Bankers by 4.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after purchasing an additional 89 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Trading Down 0.9 %

NYSE:CFR traded down $1.09 during trading hours on Wednesday, reaching $116.54. The company's stock had a trading volume of 723,695 shares, compared to its average volume of 463,739. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The firm has a 50-day simple moving average of $120.44 and a 200-day simple moving average of $130.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.89% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CFR shares. Keefe, Bruyette & Woods boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Barclays assumed coverage on shares of Cullen/Frost Bankers in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price target on the stock. 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. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Finally, Evercore ISI boosted their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $132.57.

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.