2,000 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Acquired by Elk River Wealth Management LLC

Elk River Wealth Management LLC bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, Holdings Channel reports. The fund bought 2,000 shares of the bank’s stock, valued at approximately $217,000.

Other large investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at $25,000. Lazard Asset Management LLC acquired a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at $26,000. NBC Securities Inc. acquired a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at $27,000. ICA Group Wealth Management LLC bought a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at $36,000. Finally, Covestor Ltd raised its holdings in shares of Cullen/Frost Bankers by 80.7% during the 1st quarter. Covestor Ltd now owns 309 shares of the bank’s stock valued at $43,000 after purchasing an additional 138 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Compass Point downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Stephens lifted their target price on shares of Cullen/Frost Bankers from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Evercore ISI downgraded shares of Cullen/Frost Bankers from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $98.00 to $111.00 in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $118.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $113.77.

Insider Activity

In related news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares in the company, valued at $2,934,204.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares in the company, valued at $10,543,972. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Bobby Berman sold 1,312 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Cullen/Frost Bankers Trading Up 2.9 %

Shares of CFR traded up $3.08 on Wednesday, reaching $109.92. 138,036 shares of the company’s stock were exchanged, compared to its average volume of 427,461. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $7.06 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 1.33 and a beta of 1.03. The business has a 50 day moving average price of $106.85 and a two-hundred day moving average price of $100.93. Cullen/Frost Bankers, Inc. has a 12 month low of $82.25 and a 12 month high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 25th. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $2.01 by $0.17. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. The firm had revenue of $523.66 million during the quarter, compared to the consensus estimate of $498.09 million. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.47 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Wednesday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.44%.

About Cullen/Frost Bankers

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.