US Bancorp DE Has $583,000 Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

US Bancorp DE increased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,339 shares of the bank’s stock after buying an additional 568 shares during the period. US Bancorp DE’s holdings in Cullen/Frost Bankers were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFR. Janney Montgomery Scott LLC acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $1,853,000. Atria Investments Inc raised its position in shares of Cullen/Frost Bankers by 5.2% in the third quarter. Atria Investments Inc now owns 17,064 shares of the bank’s stock valued at $1,909,000 after buying an additional 840 shares in the last quarter. Covestor Ltd raised its position in shares of Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after buying an additional 141 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Cullen/Frost Bankers by 40.2% in the third quarter. Crossmark Global Holdings Inc. now owns 5,095 shares of the bank’s stock valued at $570,000 after buying an additional 1,462 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $3,999,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CFR. Keefe, Bruyette & Woods lifted their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Compass Point lifted their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. 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 note on Friday, January 31st. Finally, Evercore ISI lifted their price objective on shares of 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 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $132.54.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $122.18 on Wednesday. The firm’s fifty day moving average price is $137.98 and its two-hundred day moving average price is $129.88. The stock has a market cap of $7.85 billion, a PE ratio of 13.77, a PEG ratio of 6.46 and a beta of 0.97. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

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

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.11%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is owned by company insiders.

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.