Greenleaf Trust Takes $231,000 Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Greenleaf Trust purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,128 shares of the bank’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CFR. Qube Research & Technologies Ltd purchased a new position in Cullen/Frost Bankers during the 3rd quarter worth $8,992,000. FMR LLC grew its stake in Cullen/Frost Bankers by 6.3% during the 3rd quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock worth $134,663,000 after buying an additional 88,042 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in Cullen/Frost Bankers by 4,303.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 77,053 shares of the bank’s stock worth $7,028,000 after buying an additional 75,303 shares during the last quarter. Montrusco Bolton Investments Inc. grew its stake in Cullen/Frost Bankers by 12.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 647,965 shares of the bank’s stock worth $59,101,000 after buying an additional 72,458 shares during the last quarter. Finally, Barclays PLC grew its stake in Cullen/Frost Bankers by 41.0% during the 3rd quarter. Barclays PLC now owns 150,976 shares of the bank’s stock worth $13,769,000 after buying an additional 43,910 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. 2.89% of the stock is owned by company insiders.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $116.86 on Thursday. The stock has a market cap of $7.50 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The business has a 50-day simple moving average of $108.96 and a 200-day simple moving average of $103.57. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 52-week low of $82.25 and a 52-week high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.17. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. The business had revenue of $523.66 million during the quarter, compared to analysts’ expectations of $498.09 million. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CFR. Morgan Stanley boosted their target price on Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. DA Davidson reaffirmed a “buy” rating and set a $126.00 price target on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Compass Point cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Stephens lifted their price target on Cullen/Frost Bankers from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Truist Financial lifted their price target on Cullen/Frost Bankers from $114.00 to $121.00 and gave the stock a “hold” rating in a research report on Monday, April 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.92.

About Cullen/Frost Bankers

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.