Martin Capital Partners LLC Sells 31,521 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Martin Capital Partners LLC lowered its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 59.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,516 shares of the bank’s stock after selling 31,521 shares during the quarter. Cullen/Frost Bankers comprises 3.4% of Martin Capital Partners LLC’s holdings, making the stock its 3rd biggest position. Martin Capital Partners LLC’s holdings in Cullen/Frost Bankers were worth $2,888,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its holdings in shares of Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after buying an additional 141 shares in the last quarter. UMB Bank n.a. increased its holdings in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after purchasing an additional 77 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers in the 3rd quarter worth about $29,000. Asset Dedication LLC boosted its stake in shares of Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after purchasing an additional 105 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Cullen/Frost Bankers by 239.0% during 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. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

CFR has been the topic of a number of analyst reports. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their price target for the company from $138.00 to $143.00 in a research report on Monday. Stephens raised their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Maxim Group boosted their price target on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Compass Point increased their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a report on Monday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $130.31.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $138.70 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The firm has a market cap of $8.89 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.69 and a beta of 0.99. The business’s 50 day moving average price is $137.63 and its 200-day moving average price is $125.28.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. On average, equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.66 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 2.74%. Cullen/Frost Bankers’s payout ratio is currently 42.84%.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Howard L. Kasanoff sold 4,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the sale, the executive vice president now directly owns 2,888 shares in the company, valued at $399,525.92. This represents a 58.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul Bracher sold 11,500 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,858 shares of company stock valued at $4,137,865. 3.00% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Company 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.