Crossmark Global Holdings Inc. Sells 1,398 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Crossmark Global Holdings Inc. lessened its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,697 shares of the bank’s stock after selling 1,398 shares during the period. Crossmark Global Holdings Inc.’s holdings in Cullen/Frost Bankers were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFR. Covestor Ltd raised its position in Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. UMB Bank n.a. increased its stake 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 valued at $33,000 after purchasing an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth $29,000. Asset Dedication LLC lifted its position in shares of Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth $44,000. Institutional investors own 86.90% of the company’s stock.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Howard L. Kasanoff sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the sale, the executive vice president now owns 2,888 shares of the company’s stock, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bobby Berman sold 3,506 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the transaction, the executive vice president now directly owns 26,661 shares in the company, valued at approximately $3,367,550.91. This trade represents a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,864 shares of company stock valued at $2,977,033. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $138.96 on Monday. The stock has a market capitalization of $8.91 billion, a PE ratio of 17.24, a PEG ratio of 1.73 and a beta of 1.00. The business’s 50 day simple moving average is $137.79 and its 200 day simple moving average is $123.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. During the same period in the prior year, the firm posted $2.38 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.76 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, November 29th. This represents a $3.80 dividend on an annualized basis and a yield of 2.73%. Cullen/Frost Bankers’s payout ratio is currently 47.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on CFR shares. Morgan Stanley lowered their target price on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research note on Monday, September 30th. Evercore ISI dropped their price objective on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Citigroup increased their price target 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. Finally, Compass Point boosted their price objective 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. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $127.07.

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.