Americana Partners LLC Purchases Shares of 1,507 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Americana Partners LLC purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,507 shares of the bank’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Cullen/Frost Bankers by 169.9% during the 3rd quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Cullen/Frost Bankers during the 3rd quarter valued at $29,000. UMB Bank n.a. boosted its stake in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Brooklyn Investment Group bought a new position in Cullen/Frost Bankers during the 3rd quarter valued at $44,000. Finally, Blue Trust Inc. boosted its stake 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 acquiring an additional 239 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.89% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $144.69 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The business has a fifty day simple moving average of $137.97 and a 200-day simple moving average of $126.87. The stock has a market cap of $9.28 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 6.52 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. On average, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.63%. Cullen/Frost Bankers’s dividend payout ratio is 42.84%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Citigroup raised their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Maxim Group raised their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Compass Point raised their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $132.54.

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.