Zurcher Kantonalbank Zurich Cantonalbank Buys 733 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,946 shares of the bank’s stock after buying an additional 733 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cullen/Frost Bankers were worth $1,188,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strs Ohio grew its position in shares of Cullen/Frost Bankers by 9.4% in the fourth quarter. Strs Ohio now owns 55,700 shares of the bank’s stock valued at $6,042,000 after purchasing an additional 4,800 shares during the last quarter. Keene & Associates Inc. grew its position in shares of Cullen/Frost Bankers by 12.4% in the fourth quarter. Keene & Associates Inc. now owns 5,829 shares of the bank’s stock valued at $632,000 after purchasing an additional 645 shares during the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $234,000. Louisiana State Employees Retirement System acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $1,953,000. Finally, WCM Investment Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $265,000. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Down 3.3 %

NYSE CFR opened at $107.05 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $109.20 and its two-hundred day moving average is $103.71. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.37 and a beta of 1.03. Cullen/Frost Bankers, Inc. has a 1-year low of $82.25 and a 1-year high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.69% and a net margin of 26.26%. During the same quarter in the prior year, the business earned $2.70 EPS. Equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.49 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Thursday, May 30th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.50%.

Insider Activity

In other news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, February 16th. The shares were 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 $10,543,972. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Bracher sold 9,820 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CFR shares. Stephens raised their price target on Cullen/Frost Bankers from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods decreased their target price on Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating on the stock in a research report on Friday, January 26th. Jefferies Financial Group lifted their target price on Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. lifted their target price on Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Truist Financial lifted their target price 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 investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $117.92.

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.