Insider Selling: Cullen/Frost Bankers EVP Sells 3,235 Shares of Stock (CFR)
Cullen/Frost Bankers (NYSE:CFR) EVP Paul Olivier sold 3,235 shares of Cullen/Frost Bankers stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $75.80, for a total transaction of $245,213.00. Following the completion of the transaction, the executive vice president now directly owns 17,602 shares in the company, valued at approximately $1,334,232. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cullen/Frost Bankers (NYSE:CFR) traded down 0.49% on Wednesday, hitting $74.92. The stock had a trading volume of 100,398 shares. Cullen/Frost Bankers has a 1-year low of $62.97 and a 1-year high of $80.38. The stock’s 50-day moving average is $76.27 and its 200-day moving average is $74.61. The company has a market cap of $4.563 billion and a P/E ratio of 19.56.
Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by $0.02. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, analysts predict that Cullen/Frost Bankers will post $4.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, May 28th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.50.
A number of analysts have recently weighed in on CFR shares. Analysts at Deutsche Bank reiterated a “positive” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, April 30th. Separately, analysts at Jefferies Group raised their price target on shares of Cullen/Frost Bankers from $73.00 to $75.00 in a research note on Friday, April 25th. Finally, analysts at Barclays raised their price target on shares of Cullen/Frost Bankers from $70.00 to $75.00 in a research note on Thursday, April 24th. They now have an “underweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Cullen/Frost Bankers has an average rating of “Hold” and an average price target of $75.00.
Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.
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