D.A. Davidson & CO. Sells 8,288 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

D.A. Davidson & CO. cut its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 83.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CFR. Champlain Investment Partners LLC increased its stake in shares of Cullen/Frost Bankers by 7.7% during the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock valued at $381,897,000 after buying an additional 244,445 shares during the period. Montrusco Bolton Investments Inc. grew its holdings in Cullen/Frost Bankers by 10.2% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after acquiring an additional 111,719 shares in the last quarter. Geode Capital Management LLC increased its position in Cullen/Frost Bankers by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock valued at $122,820,000 after purchasing an additional 66,223 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Cullen/Frost Bankers by 9.8% in the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock valued at $141,270,000 after purchasing an additional 94,252 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Cullen/Frost Bankers by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank’s stock worth $110,418,000 after purchasing an additional 16,223 shares during the period. 86.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction of $1,603,675.00. Following the transaction, the insider now directly 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 document filed with the SEC, which is available at this hyperlink. 2.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CFR. Maxim Group lifted their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup lifted their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods boosted their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Stephens raised their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Evercore ISI lifted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Four 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $132.54.

Cullen/Frost Bankers Stock Up 0.5 %

CFR opened at $136.41 on Friday. The company has a market cap of $8.76 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 6.46 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a 50-day moving average price of $138.47 and a 200 day moving average price of $128.41. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 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%. Sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.95 per share. 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 (DPR) is presently 42.84%.

Cullen/Frost Bankers Profile

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.