Vigilant Capital Management LLC acquired a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 880 shares of the bank’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JOYN Advisors Inc. raised its position in shares of Cullen/Frost Bankers by 1,993.8% during the fourth quarter. JOYN Advisors Inc. now owns 335 shares of the bank’s stock valued at $29,000 after buying an additional 319 shares during the last quarter. Lindbrook Capital LLC bought a new stake in Cullen/Frost Bankers in the fourth quarter worth $37,000. First Mercantile Trust Co. increased its position in Cullen/Frost Bankers by 48.4% in the fourth quarter. First Mercantile Trust Co. now owns 460 shares of the bank’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Toronto Dominion Bank bought a new stake in Cullen/Frost Bankers in the fourth quarter worth $77,000. Finally, Tributary Capital Management LLC bought a new stake in Cullen/Frost Bankers in the fourth quarter worth $88,000. 81.23% of the stock is currently owned by institutional investors.

In related news, EVP Carol Jean Severyn sold 3,750 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $100.62, for a total value of $377,325.00. Following the completion of the sale, the executive vice president now directly owns 1,250 shares of the company’s stock, valued at $125,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.84% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Bank of America lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a research note on Thursday, January 10th. Morgan Stanley lowered their target price on shares of Cullen/Frost Bankers from $103.00 to $99.00 and set an “underweight” rating for the company in a research note on Tuesday, December 11th. Barclays reissued a “hold” rating and set a $105.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 11th. Finally, Stephens set a $104.00 target price on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a research note on Friday, February 8th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus target price of $107.44.

Shares of CFR opened at $101.02 on Wednesday. The firm has a market cap of $6.44 billion, a PE ratio of 14.64, a P/E/G ratio of 1.51 and a beta of 1.38. Cullen/Frost Bankers, Inc. has a 12-month low of $81.87 and a 12-month high of $121.66. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.07.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 31st. The bank reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.07. The firm had revenue of $360.93 million during the quarter, compared to analyst estimates of $344.18 million. Cullen/Frost Bankers had a net margin of 32.44% and a return on equity of 14.38%. Analysts predict that Cullen/Frost Bankers, Inc. will post 7.1 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Wednesday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is currently 38.84%.

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Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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