Lathrop Investment Management Corp Has $11.09 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Lathrop Investment Management Corp grew its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,239 shares of the bank's stock after acquiring an additional 9,112 shares during the period. Cullen/Frost Bankers accounts for 2.3% of Lathrop Investment Management Corp's investment portfolio, making the stock its 25th biggest holding. Lathrop Investment Management Corp owned 0.16% of Cullen/Frost Bankers worth $11,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC boosted its holdings in Cullen/Frost Bankers by 6.3% in the third quarter. FMR LLC now owns 1,476,411 shares of the bank's stock worth $134,663,000 after purchasing an additional 88,042 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in Cullen/Frost Bankers by 12.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 647,965 shares of the bank's stock valued at $59,101,000 after acquiring an additional 72,458 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Cullen/Frost Bankers by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 489,098 shares of the bank's stock valued at $44,611,000 after acquiring an additional 15,046 shares during the period. Sei Investments Co. boosted its holdings in Cullen/Frost Bankers by 5.8% during the third quarter. Sei Investments Co. now owns 314,657 shares of the bank's stock valued at $28,700,000 after acquiring an additional 17,141 shares during the period. Finally, Invesco Ltd. boosted its holdings in Cullen/Frost Bankers by 0.6% during the third quarter. Invesco Ltd. now owns 297,436 shares of the bank's stock valued at $27,129,000 after acquiring an additional 1,832 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cullen/Frost Bankers

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

Cullen/Frost Bankers Stock Performance

Shares of CFR traded down $3.65 during trading hours on Friday, reaching $107.08. 606,841 shares of the company traded hands, compared to its average volume of 374,884. Cullen/Frost Bankers, Inc. has a 1-year low of $82.25 and a 1-year high of $120.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $6.88 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03. The stock's fifty day moving average is $109.17 and its 200 day moving average is $103.82.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 26.26% and a return on equity of 18.69%. During the same period last year, the firm earned $2.70 earnings per share. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.49 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on CFR shares. Truist Financial upped their price target on shares of Cullen/Frost Bankers from $114.00 to $121.00 and gave the company a "hold" rating in a report on Monday, April 1st. Compass Point cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. Jefferies Financial Group upped their price target on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a "hold" rating in a report on Monday, April 8th. JPMorgan Chase & Co. upped their price target on shares of Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Cullen/Frost Bankers from $125.00 to $118.00 and set a "market perform" rating for the company in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.