Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC raised its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,489 shares of the bank’s stock after acquiring an additional 1,762 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Cullen/Frost Bankers were worth $7,584,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Covestor Ltd increased its position in shares of Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after buying an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $29,000. Asset Dedication LLC increased its position in shares of Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after buying an additional 105 shares in the last quarter. UMB Bank n.a. increased its position in shares of Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after buying an additional 77 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $44,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $143.53 on Friday. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The business’s fifty day simple moving average is $137.84 and its 200-day simple moving average is $126.54. The firm has a market cap of $9.20 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 6.52 and a beta of 0.99. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. Equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Buying and Selling

In related news, insider Paul Bracher sold 11,500 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the transaction, the chief executive officer now directly owns 94,423 shares in the company, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CFR. Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Citigroup boosted their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Compass Point boosted their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Maxim Group boosted their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Stephens boosted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $132.54.

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.