Montrusco Bolton Investments Inc. Boosts Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Montrusco Bolton Investments Inc. raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 656,454 shares of the bank's stock after acquiring an additional 8,489 shares during the quarter. Montrusco Bolton Investments Inc. owned about 1.02% of Cullen/Frost Bankers worth $71,219,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its position in shares of Cullen/Frost Bankers by 9.1% during the 4th quarter. Quadrant Capital Group LLC now owns 2,097 shares of the bank's stock valued at $228,000 after acquiring an additional 175 shares during the period. Inceptionr LLC bought a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $212,000. Eudaimonia Partners LLC acquired a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at about $243,000. Vanguard Personalized Indexing Management LLC increased its position in Cullen/Frost Bankers by 88.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,416 shares of the bank's stock valued at $696,000 after buying an additional 3,020 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Cullen/Frost Bankers by 35.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,454 shares of the bank's stock worth $375,000 after buying an additional 909 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the transaction, the executive vice president now directly owns 27,815 shares in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.89% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Morgan Stanley upped their price objective on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 7th. Wedbush reiterated a "neutral" rating and set a $115.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, April 26th. Royal Bank of Canada restated a "sector perform" rating and issued a $118.00 target price on shares of Cullen/Frost Bankers in a report on Tuesday, April 9th. Finally, Evercore ISI lifted their price target on Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an "underperform" rating in a research note on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $117.46.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR traded down $0.04 during midday trading on Friday, reaching $105.58. The company had a trading volume of 336,143 shares, compared to its average volume of 426,156. The stock has a market cap of $6.78 billion, a P/E ratio of 12.48, a P/E/G ratio of 1.32 and a beta of 1.04. The company's 50 day moving average price is $108.44 and its 200 day moving average price is $105.63. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 52-week low of $82.25 and a 52-week high of $120.31.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. The firm had revenue of $522.74 million for the quarter, compared to analysts' expectations of $510.09 million. During the same period in the previous year, the company earned $2.70 earnings per share. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.45 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, May 30th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 43.50%.

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.