WealthPlan Investment Management LLC Purchases 1,762 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

WealthPlan Investment Management LLC increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,489 shares of the bank’s stock after buying an additional 1,762 shares during the quarter. WealthPlan Investment Management LLC owned about 0.09% of Cullen/Frost Bankers worth $7,584,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. lifted its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Cullen/Frost Bankers by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock worth $291,000 after purchasing an additional 77 shares during the last quarter. Keene & Associates Inc. lifted its position in shares of Cullen/Frost Bankers by 1.7% during the third quarter. Keene & Associates Inc. now owns 5,240 shares of the bank’s stock worth $586,000 after purchasing an additional 89 shares during the last quarter. First Dallas Securities Inc. lifted its position in shares of Cullen/Frost Bankers by 2.5% during the fourth quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank’s stock worth $541,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Cullen/Frost Bankers by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the bank’s stock valued at $2,390,000 after buying an additional 100 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the completion of the sale, the chief executive officer now owns 94,423 shares of the company’s stock, valued at $13,026,597.08. The trade was a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CFR shares. Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Maxim Group raised their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Stephens raised their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Citigroup lifted their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $132.54.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $143.53 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $9.20 billion, a PE ratio of 16.18, a P/E/G ratio of 6.52 and a beta of 0.99. The business has a 50-day simple moving average of $137.84 and a two-hundred day simple moving average of $126.54. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

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 issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

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.