Cullen/Frost Bankers, Inc. $CFR Stock Position Trimmed by WealthPLAN Partners LLC

WealthPLAN Partners LLC decreased its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 26.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,342 shares of the bank’s stock after selling 5,885 shares during the period. WealthPLAN Partners LLC’s holdings in Cullen/Frost Bankers were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Cullen/Frost Bankers during the third quarter worth approximately $28,000. Covestor Ltd raised its stake in Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. boosted its position in Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after acquiring an additional 184 shares during the period. Community Bank N.A. acquired a new position in Cullen/Frost Bankers during the 3rd quarter worth $35,000. Finally, Matrix Trust Co grew its stake in shares of Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CFR shares. Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. DA Davidson boosted their price target on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $151.92.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.14% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $157.34 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $143.46 and its 200 day moving average price is $139.78. Cullen/Frost Bankers, Inc. has a 52-week low of $119.00 and a 52-week high of $157.51. The firm has a market cap of $9.88 billion, a P/E ratio of 15.32, a PEG ratio of 3.92 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The company had revenue of $574.84 million during the quarter, compared to analyst estimates of $587.28 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter last year, the firm posted $2.30 EPS. As a group, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 10.57 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $1.03 dividend. The ex-dividend date was Friday, May 29th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. Cullen/Frost Bankers’s dividend payout ratio is currently 40.12%.

Cullen/Frost Bankers 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.