Lathrop Investment Management Co. Decreases Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Lathrop Investment Management Co. lowered its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 16.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,964 shares of the bank’s stock after selling 5,882 shares during the period. Lathrop Investment Management Co.’s holdings in Cullen/Frost Bankers were worth $3,672,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rafferty Asset Management LLC lifted its position in Cullen/Frost Bankers by 16.2% during the third quarter. Rafferty Asset Management LLC now owns 76,964 shares of the bank’s stock valued at $9,757,000 after acquiring an additional 10,727 shares during the last quarter. Argent Trust Co increased its position in shares of Cullen/Frost Bankers by 3.0% during the third quarter. Argent Trust Co now owns 53,511 shares of the bank’s stock worth $6,784,000 after purchasing an additional 1,569 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Cullen/Frost Bankers during the third quarter worth $4,399,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at $286,000. Finally, Handelsbanken Fonder AB boosted its position in shares of Cullen/Frost Bankers by 26.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 18,716 shares of the bank’s stock worth $2,373,000 after purchasing an additional 3,900 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 4.1%

CFR stock opened at $138.15 on Monday. The company has a market capitalization of $8.73 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 5.08 and a beta of 0.65. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $148.97. The firm’s fifty day simple moving average is $138.00 and its 200-day simple moving average is $130.28. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The company had revenue of $562.58 million during the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same period in the previous year, the firm posted $2.36 earnings per share. As a group, equities 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 dividend on an annualized basis and a yield of 2.9%. Cullen/Frost Bankers’s payout ratio is presently 40.32%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CFR. Citigroup upped their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Royal Bank Of Canada upped their price objective on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Three investment 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, the company presently has an average rating of “Hold” and a consensus price target of $140.92.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the firm’s 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 approximately $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the sale, the executive vice president directly owned 3,795 shares of the company’s stock, valued at approximately $481,965. The trade was a 15.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,700 shares of company stock valued at $225,970. Company insiders own 2.89% of the company’s stock.

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.