Cullen/Frost Bankers Inc. (NYSE:CFR) Director Jack A. Wood sold 187,000 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $82.89, for a total transaction of $15,500,430.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cullen/Frost Bankers Inc. (NYSE:CFR) traded down 0.63% during midday trading on Monday, reaching $82.66. 65,006 shares of the company were exchanged. Cullen/Frost Bankers Inc. has a 52 week low of $42.41 and a 52 week high of $86.18. The firm has a 50-day moving average price of $75.63 and a 200-day moving average price of $69.08. The company has a market capitalization of $5.20 billion, a PE ratio of 19.22 and a beta of 1.15.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. Cullen/Frost Bankers had a net margin of 25.06% and a return on equity of 9.61%. The company earned $317.78 million during the quarter, compared to the consensus estimate of $301.04 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Cullen/Frost Bankers Inc. will post $4.63 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Cullen/Frost Bankers (NYSE:CFR)

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Monday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 50.00%.

Several institutional investors have recently made changes to their positions in the stock. Brinker Capital Inc. purchased a new position in shares of Cullen/Frost Bankers during the third quarter valued at about $219,000. Price T Rowe Associates Inc. MD increased its position in shares of Cullen/Frost Bankers by 7.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,175 shares of the company’s stock valued at $1,595,000 after buying an additional 1,608 shares during the period. Mosaic Family Wealth LLC increased its position in shares of Cullen/Frost Bankers by 9.0% in the third quarter. Mosaic Family Wealth LLC now owns 1,594 shares of the company’s stock valued at $115,000 after buying an additional 132 shares during the period. Credit Suisse AG increased its position in shares of Cullen/Frost Bankers by 13.3% in the third quarter. Credit Suisse AG now owns 65,480 shares of the company’s stock valued at $4,710,000 after buying an additional 7,681 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in shares of Cullen/Frost Bankers by 158.6% in the third quarter. Ameritas Investment Partners Inc. now owns 23,998 shares of the company’s stock valued at $1,724,000 after buying an additional 14,719 shares during the period. 83.65% of the stock is owned by institutional investors.

A number of research firms recently weighed in on CFR. RBC Capital Markets reissued a “sector perform” rating and issued a $75.00 price objective (up from $70.00) on shares of Cullen/Frost Bankers in a research report on Thursday, October 27th. Barclays PLC increased their price objective on shares of Cullen/Frost Bankers from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Thursday, July 28th. Maxim Group increased their price objective on shares of Cullen/Frost Bankers from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Royal Bank Of Canada increased their price objective on shares of Cullen/Frost Bankers from $63.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cullen/Frost Bankers from $57.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $69.13.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding and bank holding company. The Company, through its subsidiaries, offers commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services.

5 Day Chart for NYSE:CFR

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