Cardinal Capital Management Has $2.27 Million Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Cardinal Capital Management grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,892 shares of the bank’s stock after purchasing an additional 501 shares during the quarter. Cardinal Capital Management’s holdings in Cullen/Frost Bankers were worth $2,268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CFR. Boston Trust Walden Corp acquired a new position in shares of Cullen/Frost Bankers during the third quarter worth approximately $107,166,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth about $54,012,000. The Manufacturers Life Insurance Company raised its position in shares of Cullen/Frost Bankers by 117.4% during the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock valued at $63,618,000 after buying an additional 307,129 shares during the last quarter. Barclays PLC lifted its stake in shares of Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after buying an additional 305,921 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in Cullen/Frost Bankers by 13,334.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock worth $37,840,000 after buying an additional 279,762 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CFR. Evercore ISI raised their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target 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 issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Citigroup lifted their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $132.54.

Insiders Place Their Bets

In related news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 owns 102,946 shares in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $143.53 on Tuesday. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The company has a 50 day moving average of $137.97 and a 200-day moving average of $126.87. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 6.52 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share 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 analysts forecast that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.65%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

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.