Cullen/Frost Bankers, Inc. (NYSE:CFR) Director Acquires $657,750.00 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFRGet Rating) Director Chris Avery bought 5,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Monday, May 2nd. The shares were acquired at an average price of $131.55 per share, with a total value of $657,750.00. Following the completion of the transaction, the director now owns 17,000 shares of the company’s stock, valued at $2,236,350. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE:CFR opened at $136.60 on Thursday. The stock has a market capitalization of $8.76 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The stock’s 50-day moving average price is $139.00 and its 200-day moving average price is $135.64. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12-month low of $100.35 and a 12-month high of $147.39.

Cullen/Frost Bankers (NYSE:CFRGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The bank reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.03. Cullen/Frost Bankers had a return on equity of 10.40% and a net margin of 30.15%. During the same quarter last year, the business posted $1.77 EPS. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 7.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, May 27th. Cullen/Frost Bankers’s payout ratio is 46.15%.

Several brokerages have recently commented on CFR. Bank of America raised Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $144.00 price objective for the company in a report on Friday, April 8th. StockNews.com assumed coverage on shares of Cullen/Frost Bankers in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Zacks Investment Research raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a report on Wednesday, February 2nd. Raymond James raised Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Wednesday, April 6th. Finally, Wolfe Research raised Cullen/Frost Bankers from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $157.00 to $171.00 in a research note on Thursday, April 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $142.70.

A number of large investors have recently bought and sold shares of the stock. Ensign Peak Advisors Inc boosted its position in Cullen/Frost Bankers by 20.8% during the 3rd quarter. Ensign Peak Advisors Inc now owns 61,094 shares of the bank’s stock valued at $7,247,000 after buying an additional 10,525 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at about $10,361,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Cullen/Frost Bankers by 0.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 242,417 shares of the bank’s stock worth $30,562,000 after purchasing an additional 1,676 shares during the period. Corient Capital Partners LLC grew its stake in shares of Cullen/Frost Bankers by 9.0% in the third quarter. Corient Capital Partners LLC now owns 7,185 shares of the bank’s stock worth $852,000 after purchasing an additional 593 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in Cullen/Frost Bankers by 1.7% during the 3rd quarter. Advisory Services Network LLC now owns 8,965 shares of the bank’s stock valued at $1,064,000 after purchasing an additional 147 shares during the period. Institutional investors own 81.69% of the company’s stock.

About Cullen/Frost Bankers (Get Rating)

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services.

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