Hancock Whitney Corp Boosts Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Hancock Whitney Corp raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,723 shares of the bank’s stock after acquiring an additional 717 shares during the period. Hancock Whitney Corp’s holdings in Cullen/Frost Bankers were worth $1,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Cullen/Frost Bankers during the third quarter valued at $29,000. UMB Bank n.a. grew its position in shares of Cullen/Frost Bankers by 45.8% during the fourth 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. Blue Trust Inc. increased its holdings in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after purchasing an additional 239 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Cullen/Frost Bankers by 35.3% in the fourth 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. Finally, SBI Securities Co. Ltd. bought a new position in Cullen/Frost Bankers during the fourth quarter valued at approximately $106,000. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CFR shares. Morgan Stanley lowered their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Evercore ISI upped their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Finally, DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $132.57.

Insider Buying and Selling at Cullen/Frost Bankers

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 shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Stock Down 0.9 %

Shares of CFR opened at $115.27 on Friday. The firm has a fifty day moving average price of $121.98 and a 200-day moving average price of $130.98. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $7.41 billion, a P/E ratio of 13.00, a P/E/G ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64.

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

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.