Cullen/Frost Bankers (NYSE:CFR) EVP Sells $137,070.00 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) EVP Bobby Berman sold 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $142.23 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 5.18 and a beta of 0.65. The stock’s 50-day moving average is $132.22 and its 200-day moving average is $128.52. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $145.53.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a return on equity of 15.79% and a net margin of 21.99%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $578.05 million. During the same quarter last year, the firm earned $2.36 EPS. Equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s payout ratio is currently 40.32%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CFR. TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday. Barclays raised their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Royal Bank Of Canada upped their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.92.

Institutional Trading of Cullen/Frost Bankers

Several institutional investors and hedge funds have recently bought and sold shares of CFR. Root Financial Partners LLC bought a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $26,000. GoalVest Advisory LLC bought a new position in Cullen/Frost Bankers during the third quarter worth $28,000. Advisory Services Network LLC bought a new position in Cullen/Frost Bankers during the third quarter worth $28,000. Blue Trust Inc. increased its holdings in shares of Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Cullen/Frost Bankers by 8,800.0% in the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.