Teacher Retirement System of Texas Grows Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Teacher Retirement System of Texas raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 44.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,196 shares of the bank’s stock after acquiring an additional 4,044 shares during the period. Teacher Retirement System of Texas’ holdings in Cullen/Frost Bankers were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CFR. Arizona State Retirement System increased its position in Cullen/Frost Bankers by 0.4% in the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank’s stock worth $2,370,000 after purchasing an additional 74 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Cullen/Frost Bankers by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock worth $291,000 after buying an additional 77 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Cullen/Frost Bankers by 45.8% in the 4th 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 raised its position in shares of Cullen/Frost Bankers by 4.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock valued at $294,000 after buying an additional 89 shares in the last quarter. Finally, First Dallas Securities Inc. lifted its holdings in shares of Cullen/Frost Bankers by 2.5% in the 4th quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank’s stock valued at $541,000 after acquiring an additional 100 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $123.76 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $7.95 billion, a PE ratio of 13.95, a P/E/G ratio of 6.46 and a beta of 0.97. The company has a 50 day moving average price of $134.79 and a 200-day moving average price of $130.72. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share 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%. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley decreased their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, March 13th. 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target 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. Finally, Evercore ISI upped their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $132.77.

Insider Buying and Selling at Cullen/Frost Bankers

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

Cullen/Frost Bankers Company 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.