Kempner Capital Management Inc. Sells 3,735 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Kempner Capital Management Inc. decreased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,161 shares of the bank’s stock after selling 3,735 shares during the quarter. Cullen/Frost Bankers accounts for approximately 2.5% of Kempner Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Kempner Capital Management Inc.’s holdings in Cullen/Frost Bankers were worth $4,527,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CFR. Blue Trust Inc. lifted its position in shares of Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after buying an additional 239 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Cullen/Frost Bankers by 59.6% during the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock worth $49,000 after buying an additional 146 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock worth $62,000 after buying an additional 120 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Cullen/Frost Bankers by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 522 shares of the bank’s stock worth $65,000 after buying an additional 132 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Cullen/Frost Bankers during the 4th quarter worth approximately $106,000. Institutional investors own 86.90% of the company’s stock.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the purchase, the chief accounting officer now owns 5,545 shares of the company’s stock, valued at approximately $93,876.85. This represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on CFR shares. Barclays lifted their target price on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Stephens lifted their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an “underperform” rating and a $105.00 target price on the stock. Morgan Stanley decreased their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Finally, Evercore ISI upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price target for the company in a research note on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $131.93.

Cullen/Frost Bankers Trading Up 0.7%

Shares of CFR stock opened at $123.54 on Thursday. The company has a 50 day moving average of $122.70 and a 200-day moving average of $129.44. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12-month low of $96.94 and a 12-month high of $147.64. The firm has a market cap of $7.94 billion, a P/E ratio of 13.56, a PEG ratio of 4.68 and a beta of 0.68.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. The business had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. During the same period in the previous year, the business earned $2.15 EPS. Sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.24%. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Friday, May 30th. Cullen/Frost Bankers’s payout ratio is currently 43.91%.

Cullen/Frost Bankers 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.