Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,524 shares of the bank’s stock after selling 2,369 shares during the period. Sigma Planning Corp’s holdings in Cullen/Frost Bankers were worth $816,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in Cullen/Frost Bankers during the third quarter worth about $27,000. Arvest Investments Inc. purchased a new position in Cullen/Frost Bankers during the fourth quarter worth about $35,000. Signaturefd LLC raised its holdings in Cullen/Frost Bankers by 87.8% during the fourth quarter. Signaturefd LLC now owns 706 shares of the bank’s stock worth $77,000 after purchasing an additional 330 shares in the last quarter. Covestor Ltd raised its holdings in Cullen/Frost Bankers by 60.7% during the third quarter. Covestor Ltd now owns 911 shares of the bank’s stock worth $83,000 after purchasing an additional 344 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Cullen/Frost Bankers by 367.3% during the third quarter. Sunbelt Securities Inc. now owns 1,000 shares of the bank’s stock worth $91,000 after purchasing an additional 786 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Cullen/Frost Bankers Stock Up 1.0 %

Shares of NYSE CFR opened at $114.44 on Wednesday. Cullen/Frost Bankers, Inc. has a 1 year low of $82.25 and a 1 year high of $120.31. The firm’s 50 day moving average price is $108.77 and its 200 day moving average price is $103.40. The firm has a market cap of $7.35 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. The firm had revenue of $523.66 million for the quarter, compared to analyst estimates of $498.09 million. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.49 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.68 dividend on an annualized basis and a yield of 3.22%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.44%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CFR shares. Keefe, Bruyette & Woods cut their price target on shares of Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Morgan Stanley increased their target price on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Jefferies Financial Group increased their target price on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a report on Monday, April 8th. Stephens increased their target price on shares of Cullen/Frost Bankers from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, UBS Group increased their target price on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Three equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $117.92.

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.