Oak Harvest Investment Services Buys 2,408 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Oak Harvest Investment Services raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,468 shares of the bank’s stock after buying an additional 2,408 shares during the period. Oak Harvest Investment Services owned 0.06% of Cullen/Frost Bankers worth $5,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd lifted its position in Cullen/Frost Bankers by 169.9% during the 3rd quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after buying an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Cullen/Frost Bankers in the third quarter valued at approximately $29,000. Asset Dedication LLC raised its position in shares of Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after acquiring an additional 105 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after purchasing an additional 77 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Cullen/Frost Bankers in the third quarter valued at about $44,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $140.21 on Friday. The stock has a market capitalization of $8.99 billion, a PE ratio of 17.40, a PEG ratio of 1.71 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The business’s 50 day simple moving average is $137.94 and its 200 day simple moving average is $124.54.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. As a group, research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.76 earnings per share for the current year.

Insider Buying and Selling

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the sale, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Howard L. Kasanoff sold 4,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the sale, the executive vice president now directly owns 2,888 shares of the company’s stock, valued at $399,525.92. The trade was a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CFR. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Citigroup upped their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Maxim Group boosted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Compass Point raised their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Stephens increased their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and a consensus target price of $127.92.

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.