WealthPlan Investment Management LLC Reduces Stock Position in Cullen/Frost Bankers, Inc. $CFR

WealthPlan Investment Management LLC lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 35.2% during the 4th quarter, HoldingsChannel reports. The fund owned 40,142 shares of the bank’s stock after selling 21,847 shares during the period. WealthPlan Investment Management LLC’s holdings in Cullen/Frost Bankers were worth $5,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CFR. Root Financial Partners LLC purchased a new stake in shares of Cullen/Frost Bankers during the third quarter worth $26,000. Advisory Services Network LLC bought a new position in shares of Cullen/Frost Bankers in the third quarter worth $28,000. Blue Trust Inc. increased its holdings in shares of Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares during the period. Community Bank N.A. bought a new position in shares of Cullen/Frost Bankers in the third quarter worth $35,000. Finally, Matrix Trust Co increased its holdings 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 during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFR has been the topic of several research analyst reports. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price target on the stock in a report on Tuesday, May 5th. DA Davidson upped their price target on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Morgan Stanley decreased their price target on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Finally, Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $145.08.

Cullen/Frost Bankers Stock Down 0.4%

CFR opened at $134.66 on Friday. The stock has a market cap of $8.46 billion, a PE ratio of 13.11, a P/E/G ratio of 3.43 and a beta of 0.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $148.97. The business’s fifty day simple moving average is $138.14 and its 200 day simple moving average is $134.43.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $587.29 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same quarter in the prior year, the firm earned $2.30 earnings per share. As a group, research analysts expect that Cullen/Frost Bankers, Inc. will post 10.41 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $1.03 dividend. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, May 29th. Cullen/Frost Bankers’s payout ratio is currently 40.12%.

About Cullen/Frost Bankers

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.