Ceredex Value Advisors LLC Has $15.82 Million Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Ceredex Value Advisors LLC lowered its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,832 shares of the bank’s stock after selling 6,630 shares during the quarter. Ceredex Value Advisors LLC owned 0.18% of Cullen/Frost Bankers worth $15,819,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $29,000. UMB Bank n.a. increased its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after acquiring an additional 239 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Cullen/Frost Bankers by 35.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock valued at $62,000 after acquiring an additional 120 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Cullen/Frost Bankers in the 4th quarter worth $106,000. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Up 1.7 %

CFR stock opened at $111.82 on Wednesday. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The business’s 50 day simple moving average is $126.65 and its 200 day simple moving average is $131.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $7.19 billion, a PE ratio of 12.61, a PEG ratio of 6.46 and a beta of 0.82.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.40%. Cullen/Frost Bankers’s dividend payout ratio is currently 42.84%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CFR shares. Evercore ISI lifted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Barclays assumed coverage on shares of Cullen/Frost Bankers in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $130.00 price target on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Four 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 data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price 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.