Boston Financial Mangement LLC Makes New $218,000 Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Boston Financial Mangement LLC acquired a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,621 shares of the bank’s stock, valued at approximately $218,000.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its position in Cullen/Frost Bankers by 30.3% in the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock worth $2,091,000 after purchasing an additional 4,348 shares in the last quarter. Pathstone Holdings LLC grew its position in Cullen/Frost Bankers by 45.0% in the 3rd quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock worth $2,156,000 after purchasing an additional 5,981 shares in the last quarter. Barclays PLC grew its position in Cullen/Frost Bankers by 234.5% in the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after purchasing an additional 305,921 shares in the last quarter. Raymond James & Associates grew its position in Cullen/Frost Bankers by 10.0% in the 3rd quarter. Raymond James & Associates now owns 119,447 shares of the bank’s stock worth $13,361,000 after purchasing an additional 10,884 shares in the last quarter. Finally, Hancock Whitney Corp bought a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at approximately $784,000. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Stock Down 1.9 %

CFR opened at $142.34 on Friday. The company has a 50 day moving average of $138.35 and a 200 day moving average of $127.36. The company has a market cap of $9.14 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 6.58 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. On average, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio is presently 42.84%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CFR. Citigroup increased their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Evercore ISI increased their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Maxim Group increased their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Stephens increased their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $132.54.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.89% of the company’s stock.

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.