Insider Selling: Cullen/Frost Bankers (NYSE:CFR) CAO Sells $85,290.48 in Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) CAO Matthew Bradley Henson sold 534 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $159.72, for a total transaction of $85,290.48. Following the completion of the sale, the chief accounting officer directly owned 317 shares in the company, valued at approximately $50,631.24. The trade was a 62.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR traded down $0.32 during trading on Tuesday, reaching $159.98. 61,474 shares of the company traded hands, compared to its average volume of 546,270. The firm’s fifty day simple moving average is $157.71 and its 200 day simple moving average is $148.96. The stock has a market cap of $9.94 billion, a P/E ratio of 14.88, a PEG ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers, Inc. has a 12-month low of $119.14 and a 12-month high of $170.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. The business had revenue of $603.83 million during the quarter, compared to analysts’ expectations of $610.19 million. During the same quarter in the previous year, the firm posted $2.67 EPS. As a group, research analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.97 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, November 30th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 38.33%.

Hedge Funds Weigh In On Cullen/Frost Bankers

A number of hedge funds have recently made changes to their positions in CFR. GK Wealth Management LLC acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $32,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $37,000. Global Retirement Partners LLC acquired a new stake in Cullen/Frost Bankers in the 2nd quarter valued at approximately $38,000. Measured Wealth Private Client Group LLC acquired a new stake in Cullen/Frost Bankers in the 1st quarter valued at approximately $41,000. Finally, Root Financial Partners LLC increased its holdings in Cullen/Frost Bankers by 90.0% in the 1st quarter. Root Financial Partners LLC now owns 435 shares of the bank’s stock valued at $60,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CFR shares. Royal Bank Of Canada lowered their price objective on Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. Keefe, Bruyette & Woods lowered shares of Cullen/Frost Bankers from an “outperform” rating to a “market perform” rating and cut their target price for the company from $180.00 to $175.00 in a report on Monday. Barclays boosted their target price on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday, October 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Tuesday, October 13th. Finally, TD Cowen lowered their price target on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $171.55.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.