Legacy Financial Advisors Inc. Sells 334 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Legacy Financial Advisors Inc. lowered its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,569 shares of the bank’s stock after selling 334 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Cullen/Frost Bankers were worth $1,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at approximately $21,181,000. Applied Finance Capital Management LLC bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at approximately $211,000. Federated Hermes Inc. raised its stake in Cullen/Frost Bankers by 23.0% during the 4th quarter. Federated Hermes Inc. now owns 6,462 shares of the bank’s stock valued at $868,000 after purchasing an additional 1,209 shares during the period. Titleist Asset Management LLC raised its stake in Cullen/Frost Bankers by 22.6% during the 4th quarter. Titleist Asset Management LLC now owns 5,282 shares of the bank’s stock valued at $709,000 after purchasing an additional 973 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in Cullen/Frost Bankers by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank’s stock valued at $280,000 after purchasing an additional 86 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

CFR opened at $114.40 on Thursday. The business has a fifty day moving average of $129.04 and a 200 day moving average of $131.07. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The stock has a market cap of $7.35 billion, a P/E ratio of 12.90, a PEG ratio of 6.46 and a beta of 0.82.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (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%. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is currently 42.84%.

Analyst Ratings Changes

Several analysts recently issued reports on CFR shares. Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Morgan Stanley cut their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, March 13th. Evercore ISI raised their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Barclays began coverage on Cullen/Frost Bankers in a report on Tuesday, April 1st. They set an “equal weight” rating and a $130.00 price target for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $132.57.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now directly owns 102,946 shares of the company’s stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.89% of the stock is owned by company 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.