Alpha DNA Investment Management LLC Grows Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Alpha DNA Investment Management LLC raised its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,738 shares of the bank’s stock after buying an additional 416 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Cullen/Frost Bankers were worth $905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $29,000. UMB Bank n.a. grew its stake in shares of 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 buying an additional 77 shares during the period. Blue Trust Inc. increased its holdings 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 during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Cullen/Frost Bankers by 35.3% in 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 during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.3 %

Shares of CFR opened at $111.54 on Friday. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The stock has a 50-day moving average price of $126.06 and a 200 day moving average price of $130.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $7.17 billion, a P/E ratio of 12.57, a P/E/G ratio of 6.46 and a beta of 0.82.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CFR shares. Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Morgan Stanley cut their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reiterated 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. DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Evercore ISI increased their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $132.57.

Insider Activity

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.89% of the company’s stock.

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.