Cullen/Frost Bankers, Inc. $CFR Stock Sold by Vest Financial LLC

Vest Financial LLC cut its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 30.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,882 shares of the bank’s stock after selling 12,605 shares during the period. Vest Financial LLC’s holdings in Cullen/Frost Bankers were worth $4,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CFR. GK Wealth Management LLC acquired a new stake in Cullen/Frost Bankers during the third quarter worth about $32,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Cullen/Frost Bankers during the second quarter valued at about $37,000. Global Retirement Partners LLC acquired a new position in Cullen/Frost Bankers in the 2nd quarter valued at approximately $38,000. Measured Wealth Private Client Group LLC acquired a new position in Cullen/Frost Bankers in the 1st quarter valued at approximately $41,000. Finally, GHP Investment Advisors Inc. acquired a new position in Cullen/Frost Bankers in the 1st quarter valued at approximately $53,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFR has been the subject of a number of research reports. TD Cowen reduced their price objective on Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Stephens upped their target price on Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Tuesday, October 13th. Finally, Morgan Stanley lifted their price target on shares of Cullen/Frost Bankers from $200.00 to $201.00 and gave the stock an “overweight” rating in a research note on Monday, September 28th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $169.36.

Cullen/Frost Bankers Trading Down 0.4%

CFR stock opened at $157.09 on Friday. Cullen/Frost Bankers, Inc. has a 1-year low of $119.14 and a 1-year high of $170.80. The firm has a market cap of $9.76 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.83 and a beta of 0.56. The business’s 50 day moving average is $158.57 and its 200-day moving average is $152.57. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The firm had revenue of $576.01 million during the quarter, compared to the consensus estimate of $589.72 million. During the same period last year, the firm posted $2.39 EPS. Equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.94 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 31st. Cullen/Frost Bankers’s payout ratio is currently 38.94%.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.