Greenleaf Trust Makes New Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Greenleaf Trust bought a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,128 shares of the bank’s stock, valued at approximately $231,000.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in Cullen/Frost Bankers in the 3rd quarter worth about $27,000. Arvest Investments Inc. bought a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at about $35,000. Covestor Ltd boosted its position in shares of Cullen/Frost Bankers by 60.7% during the 3rd quarter. Covestor Ltd now owns 911 shares of the bank’s stock valued at $83,000 after acquiring an additional 344 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Cullen/Frost Bankers by 18.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 981 shares of the bank’s stock valued at $106,000 after acquiring an additional 154 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Cullen/Frost Bankers by 367.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the bank’s stock valued at $91,000 after acquiring an additional 786 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CFR has been the subject of a number of research analyst reports. Compass Point downgraded 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 company an “equal weight” rating in a research report on Friday, January 26th. DA Davidson reiterated a “buy” rating and set a $126.00 price target on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Evercore ISI lifted their price target on Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group lifted their price target on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus price target of $117.92.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $116.86 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $108.96 and its 200 day moving average is $103.57. Cullen/Frost Bankers, Inc. has a twelve month low of $82.25 and a twelve month high of $120.31. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.42 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 25th. The bank reported $2.18 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $498.09 million. Research analysts expect that Cullen/Frost Bankers, Inc. will post 8.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at $10,543,972. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 27,815 shares in the company, valued at $2,934,204.35. The disclosure for this sale can be found here. Corporate insiders own 2.89% of the company’s stock.

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.