Ieq Capital LLC Invests $265,000 in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Ieq Capital LLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,974 shares of the bank’s stock, valued at approximately $265,000.

Other large investors have also bought and sold shares of the company. Tidal Investments LLC grew its position in shares of Cullen/Frost Bankers by 30.3% in the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after buying an additional 4,348 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Cullen/Frost Bankers by 45.0% in the third quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock valued at $2,156,000 after acquiring an additional 5,981 shares during the last quarter. Barclays PLC increased its position in Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after purchasing an additional 305,921 shares during the period. Hancock Whitney Corp bought a new position in Cullen/Frost Bankers during the 3rd quarter worth approximately $784,000. Finally, Entropy Technologies LP acquired a new position in shares of Cullen/Frost Bankers in the 4th quarter worth approximately $389,000. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Stock Up 0.4 %

Shares of NYSE CFR opened at $136.96 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The stock has a market capitalization of $8.80 billion, a P/E ratio of 15.44, a P/E/G ratio of 6.46 and a beta of 0.99. The company has a 50-day moving average price of $138.58 and a 200-day moving average price of $128.47.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. On average, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s payout ratio is currently 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CFR shares. Keefe, Bruyette & Woods lifted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Evercore ISI upped their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Compass Point lifted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Citigroup increased their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.