Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 83.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,626 shares of the bank’s stock after selling 8,288 shares during the period. D.A. Davidson & CO.’s holdings in Cullen/Frost Bankers were worth $218,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Covestor Ltd boosted its position in shares of Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after buying an additional 141 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers during the 3rd quarter worth about $29,000. UMB Bank n.a. boosted its holdings in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after acquiring an additional 77 shares during the period. Brooklyn Investment Group purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $44,000. Finally, Blue Trust Inc. grew its position in Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.89% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $136.41 on Friday. The company has a market cap of $8.76 billion, a P/E ratio of 15.38, a PEG ratio of 6.46 and a beta of 0.99. The firm has a fifty day moving average price of $138.47 and a 200 day moving average price of $128.41. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.95 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.79%. Cullen/Frost Bankers’s dividend payout ratio is currently 42.84%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CFR. Maxim Group increased their price target on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Stephens upped their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Citigroup increased their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $132.54.

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.