Cullen/Frost Bankers, Inc. $CFR Shares Sold by Lathrop Investment Management Co.

Lathrop Investment Management Co. reduced its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 16.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 28,964 shares of the bank’s stock after selling 5,882 shares during the quarter. Lathrop Investment Management Co.’s holdings in Cullen/Frost Bankers were worth $3,672,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Cullen/Frost Bankers in the third quarter valued at about $26,000. GoalVest Advisory LLC purchased a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $28,000. Hantz Financial Services Inc. increased its position in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Cullen/Frost Bankers by 105.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock valued at $45,000 after purchasing an additional 182 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares in the company, valued at $481,965. The trade was a 15.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bobby Berman sold 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the sale, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,700 shares of company stock worth $225,970. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $138.15 on Monday. The stock has a market cap of $8.73 billion, a P/E ratio of 13.93, a P/E/G ratio of 5.08 and a beta of 0.65. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $148.97. The stock has a 50 day moving average of $138.00 and a two-hundred day moving average of $130.28. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The business had revenue of $562.58 million for the quarter, compared to analysts’ expectations of $578.05 million. During the same period in the previous year, the company posted $2.36 EPS. On average, research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. Cullen/Frost Bankers’s dividend payout ratio is 40.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 29th. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. DA Davidson increased their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Citigroup boosted their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada upped their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $140.92.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.