Inspire Investing LLC Sells 79 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Inspire Investing LLC decreased its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,772 shares of the bank’s stock after selling 79 shares during the quarter. Inspire Investing LLC’s holdings in Cullen/Frost Bankers were worth $1,043,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CFR. Vanguard Personalized Indexing Management LLC increased its position in Cullen/Frost Bankers by 8.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,288 shares of the bank’s stock worth $633,000 after purchasing an additional 506 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Cullen/Frost Bankers by 81.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,831 shares of the bank’s stock worth $186,000 after buying an additional 824 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Cullen/Frost Bankers by 49.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,861 shares of the bank’s stock worth $291,000 after buying an additional 945 shares during the last quarter. Bank of Montreal Can raised its position in shares of Cullen/Frost Bankers by 3.4% during the 2nd quarter. Bank of Montreal Can now owns 21,699 shares of the bank’s stock valued at $2,208,000 after buying an additional 717 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Cullen/Frost Bankers in the 2nd quarter valued at about $54,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CFR. Morgan Stanley reduced their price objective on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a research note on Monday, September 30th. Maxim Group increased their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup raised their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Compass Point boosted their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $127.07.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $140.33 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The firm has a 50-day moving average of $137.78 and a two-hundred day moving average of $123.05. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64.

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

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.95 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.71%. Cullen/Frost Bankers’s payout ratio is currently 47.15%.

Insider Buying and Selling

In other news, CEO Phillip D. Green sold 14,358 shares of the business’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 sale, the chief executive officer now owns 94,423 shares in the company, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $138.34, for a total transaction of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares in the company, valued at approximately $399,525.92. This represents a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,864 shares of company stock valued at $2,977,033 over the last three months. 2.89% of the stock is owned by company insiders.

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.