Cullen/Frost Bankers (NYSE:CFR) CAO Matthew Bradley Henson Sells 534 Shares of Company Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) CAO Matthew Bradley Henson sold 534 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $159.72, for a total transaction of $85,290.48. Following the completion of the sale, the chief accounting officer owned 317 shares of the company’s stock, valued at approximately $50,631.24. This trade represents a 62.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $158.97 on Wednesday. The company has a market cap of $9.88 billion, a PE ratio of 14.76, a P/E/G ratio of 1.71 and a beta of 0.52. The stock has a fifty day moving average price of $157.60 and a 200 day moving average price of $149.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. Cullen/Frost Bankers, Inc. has a 1-year low of $119.14 and a 1-year high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The company had revenue of $603.83 million for the quarter, compared to analysts’ expectations of $610.19 million. Cullen/Frost Bankers had a return on equity of 16.27% and a net margin of 23.37%. During the same quarter in the previous year, the firm posted $2.67 EPS. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 11.00 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 30th. Cullen/Frost Bankers’s dividend payout ratio is currently 38.33%.

Institutional Investors Weigh In On Cullen/Frost Bankers

Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Cullen/Frost Bankers by 19.0% during the third quarter. Brighton Jones LLC now owns 1,565 shares of the bank’s stock valued at $239,000 after buying an additional 250 shares during the period. Ethic Inc. raised its holdings in Cullen/Frost Bankers by 94.9% in the 3rd quarter. Ethic Inc. now owns 7,175 shares of the bank’s stock valued at $1,095,000 after acquiring an additional 3,494 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth $245,000. Pictet Asset Management Holding SA lifted its stake in shares of Cullen/Frost Bankers by 1.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 9,293 shares of the bank’s stock worth $1,419,000 after purchasing an additional 95 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in shares of Cullen/Frost Bankers by 15.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 3,833 shares of the bank’s stock worth $585,000 after purchasing an additional 516 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Key Stories Impacting Cullen/Frost Bankers

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Zacks upgraded CFR to Rank #2 (Buy), citing greater optimism about the bank’s earnings prospects. Cullen-Frost Upgraded to Buy: Here’s Why
• Positive Sentiment: The company’s third-quarter results included EPS of $2.84, ahead of the $2.80 analyst consensus, and its earnings call highlighted business growth. Revenue of $603.83 million, however, fell short of expectations of $610.19 million. Cullen/Frost Bankers Earnings Call Highlights Growth
• Neutral Sentiment: Analyst views remain mixed: the average rating is Hold, with a reported average price target of $171.55. The bank also declared a quarterly dividend of $1.03 per share, equivalent to $4.12 annually.
• Negative Sentiment: Keefe, Bruyette & Woods lowered its rating from Outperform to Market Perform and cut its price target from $180 to $175. The target remains above the recent share price, but the downgrade signals greater caution. Keefe, Bruyette & Woods ratings
• Negative Sentiment: Two executives reported share sales: EVP Bobby Berman sold 2,406 shares, reducing his holdings by 7.81%, and CAO Matthew Bradley Henson sold 534 shares, reducing his position by 62.75%. Insider sales can create a modest sentiment headwind, though they do not necessarily indicate a change in the company’s outlook. Bobby Berman insider sale Matthew Henson SEC filing

Wall Street Analyst Weigh In

CFR has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Cullen/Frost Bankers from $200.00 to $201.00 and gave the company an “overweight” rating in a report on Monday, September 28th. Royal Bank Of Canada lowered their price target on shares of Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Keefe, Bruyette & Woods downgraded shares of Cullen/Frost Bankers from an “outperform” rating to a “market perform” rating and cut their price target for the company from $180.00 to $175.00 in a report on Monday. Wall Street Zen upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Stephens raised their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $171.55.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.