Cullen/Frost Bankers (NYSE:CFR) Stock: Insider Matthew Bradley Henson Sells 534 Shares

Cullen/Frost Bankers, Inc. (NYSE:CFR) CAO Matthew Bradley Henson sold 534 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $159.72, for a total transaction of $85,290.48. Following the sale, the chief accounting officer owned 317 shares of the company’s stock, valued at approximately $50,631.24. This represents a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Cullen/Frost Bankers Trading Up 0.3%

Cullen/Frost Bankers stock opened at $159.67 on Thursday. Cullen/Frost Bankers, Inc. has a 12 month low of $119.14 and a 12 month high of $170.80. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The stock has a market cap of $9.93 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.70 and a beta of 0.52. The company’s fifty day simple moving average is $157.53 and its 200-day simple moving average is $149.17.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. The firm had revenue of $603.83 million during the quarter, compared to analysts’ expectations of $610.19 million. Cullen/Frost Bankers had a return on equity of 16.27% and a net margin of 23.37%. During the same quarter last year, the firm earned $2.67 earnings per share. As a group, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 11.00 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, November 30th. Cullen/Frost Bankers’s dividend payout ratio is 38.33%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CFR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Tuesday, October 13th. TD Cowen lowered their price objective on Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Barclays lifted their price target on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Monday, October 5th. Zacks Research lowered Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley raised their target price on Cullen/Frost Bankers from $200.00 to $201.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $171.55.

Hedge Funds Weigh In On Cullen/Frost Bankers

Hedge funds have recently bought and sold shares of the business. GK Wealth Management LLC bought a new stake in Cullen/Frost Bankers in the 3rd quarter worth approximately $32,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Cullen/Frost Bankers in the 2nd quarter worth approximately $37,000. Global Retirement Partners LLC purchased a new position in Cullen/Frost Bankers during the 2nd quarter valued at $38,000. Measured Wealth Private Client Group LLC bought a new position in Cullen/Frost Bankers in the first quarter worth about $41,000. Finally, Root Financial Partners LLC boosted its position in shares of Cullen/Frost Bankers by 90.0% during the first quarter. Root Financial Partners LLC now owns 435 shares of the bank’s stock valued at $60,000 after purchasing an additional 206 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

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.