Teacher Retirement System of Texas Increases Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Teacher Retirement System of Texas raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 44.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,196 shares of the bank’s stock after purchasing an additional 4,044 shares during the period. Teacher Retirement System of Texas’ holdings in Cullen/Frost Bankers were worth $1,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. boosted its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at about $29,000. Blue Trust Inc. grew its stake in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after acquiring an additional 239 shares during the period. Brooklyn Investment Group purchased a new position in shares of Cullen/Frost Bankers during the third quarter valued at approximately $44,000. Finally, Quarry LP lifted its position in Cullen/Frost Bankers by 134.2% during the third quarter. Quarry LP now owns 541 shares of the bank’s stock valued at $61,000 after purchasing an additional 310 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 1.1 %

Shares of CFR stock opened at $123.76 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The company’s fifty day moving average price is $134.79 and its 200-day moving average price is $130.72. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly 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 15.95% and a net margin of 20.44%. Sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.07%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CFR shares. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Compass Point boosted their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.77.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction 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 transaction, the insider now owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.89% of the company’s stock.

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.