New Age Alpha Advisors LLC Takes $1.01 Million Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

New Age Alpha Advisors LLC bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,549 shares of the bank’s stock, valued at approximately $1,013,000.

Several other large investors have also recently bought and sold shares of the stock. UMB Bank n.a. grew its position in 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 purchasing an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Cullen/Frost Bankers during the third quarter worth about $29,000. Blue Trust Inc. increased its stake in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after acquiring an additional 239 shares during the period. Quarry LP raised its holdings in Cullen/Frost Bankers by 134.2% in the 3rd quarter. Quarry LP now owns 541 shares of the bank’s stock valued at $61,000 after acquiring an additional 310 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cullen/Frost Bankers in the 4th quarter worth approximately $106,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CFR has been the topic of a number of research reports. Royal Bank of Canada restated 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 increased their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Evercore ISI lifted their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Morgan Stanley dropped their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Finally, DA Davidson downgraded 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 report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $132.77.

Insider Activity

In related news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 102,946 shares of the company’s stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $125.32 on Tuesday. The stock has a 50-day simple moving average of $134.05 and a 200 day simple moving average of $131.31. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 6.46 and a beta of 0.97. 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, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last announced 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, research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.03%. Cullen/Frost Bankers’s payout ratio is 42.84%.

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.