Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) EVP Bobby Berman sold 1,000 shares of the firm's stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Cullen/Frost Bankers Stock Up 1.0%
NYSE CFR opened at $139.24 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $145.53. The business's fifty day simple moving average is $131.56 and its 200-day simple moving average is $128.41. The firm has a market cap of $8.90 billion, a PE ratio of 14.04, a P/E/G ratio of 2.69 and a beta of 0.64.
Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating the consensus estimate 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 in the prior year, the company posted $2.36 EPS. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.
Cullen/Frost Bankers Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, February 27th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 40.32%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on CFR. TD Cowen restated a "positive" rating on shares of Cullen/Frost Bankers in a report on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Barclays boosted their target price on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Friday. DA Davidson increased their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a "neutral" rating in a report on Friday. Finally, Royal Bank Of Canada boosted their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $140.92.
Read Our Latest Stock Report on Cullen/Frost Bankers
Institutional Investors Weigh In On Cullen/Frost Bankers
A number of institutional investors have recently modified their holdings of CFR. Root Financial Partners LLC acquired a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $26,000. GoalVest Advisory LLC purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at $28,000. Advisory Services Network LLC acquired a new position in Cullen/Frost Bankers in the 3rd quarter worth about $28,000. Blue Trust Inc. grew its position in Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank's stock worth $33,000 after acquiring an additional 184 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Cullen/Frost Bankers by 8,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank's stock worth $34,000 after acquiring an additional 264 shares in the last quarter. Institutional investors own 86.90% of the company's stock.
About Cullen/Frost Bankers
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Get Free Report)
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.
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