Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,343 shares of the bank’s stock after selling 499 shares during the quarter. Hodges Capital Management Inc.’s holdings in Cullen/Frost Bankers were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning lifted its stake in Cullen/Frost Bankers by 7.4% during the second quarter. Creative Planning now owns 8,449 shares of the bank’s stock worth $859,000 after purchasing an additional 585 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cullen/Frost Bankers by 2.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,906 shares of the bank’s stock worth $600,000 after buying an additional 156 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Cullen/Frost Bankers in the 2nd quarter valued at about $2,199,000. GAMMA Investing LLC grew its position in shares of Cullen/Frost Bankers by 18.5% during the 3rd quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock valued at $76,000 after buying an additional 106 shares during the last quarter. Finally, Diversified Trust Co grew its position in shares of Cullen/Frost Bankers by 14.3% during the 3rd quarter. Diversified Trust Co now owns 22,085 shares of the bank’s stock valued at $2,470,000 after buying an additional 2,755 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul Bracher sold 11,500 shares of the 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 completion of the transaction, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now owns 94,423 shares of the company’s stock, valued at $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,858 shares of company stock worth $4,137,865. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CFR. Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday. Stephens upped their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Citigroup raised their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price target for the company from $138.00 to $143.00 in a report on Monday. Finally, Maxim Group increased their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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. According to data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $130.31.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $136.00 on Tuesday. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The company’s 50-day moving average is $137.72 and its two-hundred day moving average is $125.10. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The company has a market cap of $8.72 billion, a PE ratio of 15.33, a PEG ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly 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 16.04% and a net margin of 18.81%. Equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.66 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.79%. Cullen/Frost Bankers’s dividend payout ratio is currently 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.