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

Lathrop Investment Management Corp grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,239 shares of the bank’s stock after acquiring an additional 9,112 shares during the quarter. Cullen/Frost Bankers comprises about 2.3% of Lathrop Investment Management Corp’s portfolio, making the stock its 25th biggest position. Lathrop Investment Management Corp’s holdings in Cullen/Frost Bankers were worth $11,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. First National Bank of Hutchinson grew its position in shares of Cullen/Frost Bankers by 1.7% in the third quarter. First National Bank of Hutchinson now owns 7,432 shares of the bank’s stock valued at $678,000 after purchasing an additional 121 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Cullen/Frost Bankers by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 25,995 shares of the bank’s stock worth $2,371,000 after acquiring an additional 130 shares during the period. Cardinal Capital Management grew its position in Cullen/Frost Bankers by 1.3% in the fourth quarter. Cardinal Capital Management now owns 10,459 shares of the bank’s stock worth $1,135,000 after acquiring an additional 130 shares during the period. Tributary Capital Management LLC grew its position in Cullen/Frost Bankers by 2.0% in the fourth quarter. Tributary Capital Management LLC now owns 7,395 shares of the bank’s stock worth $802,000 after acquiring an additional 147 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Cullen/Frost Bankers by 18.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 981 shares of the bank’s stock worth $106,000 after acquiring an additional 154 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now directly owns 27,815 shares in the company, valued at $2,934,204.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now directly owns 27,815 shares in the company, valued at $2,934,204.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Bracher sold 9,820 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares in the company, valued at $10,543,972. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Down 3.3 %

Shares of NYSE CFR traded down $3.65 during mid-day trading on Friday, hitting $107.08. The company had a trading volume of 606,841 shares, compared to its average volume of 374,884. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.63 and a quick ratio of 0.63. Cullen/Frost Bankers, Inc. has a 1-year low of $82.25 and a 1-year high of $120.31. The business’s 50-day simple moving average is $109.17 and its 200 day simple moving average is $103.82.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.69% and a net margin of 26.26%. During the same period in the previous year, the company earned $2.70 EPS. On average, analysts predict that Cullen/Frost Bankers, Inc. will post 8.49 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CFR. Evercore ISI increased their price objective on Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods lowered their price objective on Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $118.00 price objective on shares of Cullen/Frost Bankers in a research report on Tuesday, April 9th. DA Davidson restated a “buy” rating and set a $126.00 price target on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price target 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. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus target price of $117.92.

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.