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

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

Cullen/Frost Bankers Trading Down 0.2%

Shares of NYSE CFR traded down $0.32 during trading on Tuesday, reaching $159.98. The stock had a trading volume of 61,474 shares, compared to its average volume of 546,270. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $9.94 billion, a P/E ratio of 14.88, a PEG ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.14 and a fifty-two week high of $170.80. The business’s 50-day moving average price is $157.71 and its 200-day moving average price is $148.96.

Cullen/Frost Bankers (NYSE:CFR) last posted 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. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. The firm had revenue of $603.83 million for the quarter, compared to analyst estimates of $610.19 million. During the same quarter in the prior year, the company earned $2.67 EPS. On average, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 10.97 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 30th. Cullen/Frost Bankers’s payout ratio is currently 38.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. GK Wealth Management LLC purchased a new stake in shares of Cullen/Frost Bankers during the third quarter worth approximately $32,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Cullen/Frost Bankers during the second quarter worth $37,000. Global Retirement Partners LLC acquired a new stake in shares of Cullen/Frost Bankers during the second quarter worth $38,000. Measured Wealth Private Client Group LLC purchased a new position in Cullen/Frost Bankers in the 1st quarter valued at $41,000. Finally, Root Financial Partners LLC grew its position in Cullen/Frost Bankers by 90.0% in the 1st quarter. Root Financial Partners LLC now owns 435 shares of the bank’s stock valued at $60,000 after buying an additional 206 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on CFR shares. Wall Street Zen raised shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Saturday. TD Cowen lowered their price objective on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Tuesday, October 13th. Royal Bank Of Canada cut their target price 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. Finally, DA Davidson increased their target price on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a “neutral” rating in a report on Friday. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $171.55.

Cullen/Frost Bankers Company Profile

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.