37,993 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,993 shares of the bank’s stock, valued at approximately $5,101,000. Proficio Capital Partners LLC owned 0.06% of Cullen/Frost Bankers as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CFR. Ballentine Partners LLC lifted its stake in Cullen/Frost Bankers by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock valued at $291,000 after buying an additional 77 shares during the period. UMB Bank n.a. boosted its holdings in Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Cullen/Frost Bankers by 4.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after buying an additional 89 shares during the last quarter. First Dallas Securities Inc. boosted its holdings in Cullen/Frost Bankers by 2.5% during the fourth quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank’s stock worth $541,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in Cullen/Frost Bankers by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the bank’s stock worth $2,390,000 after buying an additional 100 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Up 2.3 %

NYSE:CFR opened at $122.64 on Monday. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The stock’s 50 day moving average price is $137.03 and its two-hundred day moving average price is $130.17. 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 posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share 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%. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers 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 completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised 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. Morgan Stanley dropped their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Evercore ISI raised their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $132.77.

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.