Lathrop Investment Management Corp Acquires 9,112 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Lathrop Investment Management Corp lifted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,239 shares of the bank’s stock after acquiring an additional 9,112 shares during the period. Cullen/Frost Bankers accounts for about 2.3% of Lathrop Investment Management Corp’s portfolio, making the stock its 25th biggest holding. Lathrop Investment Management Corp owned approximately 0.16% of Cullen/Frost Bankers worth $11,092,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CFR. Qube Research & Technologies Ltd bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $8,992,000. FMR LLC lifted its stake in shares of Cullen/Frost Bankers by 6.3% in the 3rd quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock valued at $134,663,000 after purchasing an additional 88,042 shares during the last quarter. WealthPlan Investment Management LLC lifted its stake in shares of Cullen/Frost Bankers by 4,303.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 77,053 shares of the bank’s stock valued at $7,028,000 after purchasing an additional 75,303 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its stake in shares of Cullen/Frost Bankers by 12.6% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 647,965 shares of the bank’s stock valued at $59,101,000 after purchasing an additional 72,458 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Cullen/Frost Bankers by 41.0% in the 3rd quarter. Barclays PLC now owns 150,976 shares of the bank’s stock valued at $13,769,000 after purchasing an additional 43,910 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded down $3.65 during midday trading on Friday, reaching $107.08. 606,841 shares of the company traded hands, compared to its average volume of 374,884. The firm’s 50 day simple moving average is $109.17 and its two-hundred day simple moving average is $103.82. Cullen/Frost Bankers, Inc. has a 1-year low of $82.25 and a 1-year high of $120.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $6.88 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 26.26% and a return on equity of 18.69%. During the same quarter in the prior year, the business posted $2.70 earnings per share. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.49 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 annualized dividend and a dividend yield of 3.44%. Cullen/Frost Bankers’s dividend payout ratio is currently 43.50%.

Wall Street Analysts Forecast Growth

CFR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. JPMorgan Chase & Co. boosted their target price on Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of Cullen/Frost Bankers in a research note on Friday. Stephens boosted their price objective on Cullen/Frost Bankers from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $118.00 price target on shares of Cullen/Frost Bankers in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.92.

Insider Buying and Selling

In related news, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the transaction, the executive vice president now directly owns 27,815 shares in the company, valued at approximately $2,934,204.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The disclosure for this sale can be found here. 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.