Cullen/Frost Bankers CFO Sells $1,021,545 in Stock (CFR)
Cullen/Frost Bankers (NYSE:CFR) CFO Phillip D. Green unloaded 13,500 shares of Cullen/Frost Bankers stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $75.67, for a total transaction of $1,021,545.00. Following the completion of the sale, the chief financial officer now directly owns 48,049 shares of the company’s stock, valued at approximately $3,635,868. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cullen/Frost Bankers (NYSE:CFR) traded up 0.53% on Tuesday, hitting $76.22. The stock had a trading volume of 157,959 shares. Cullen/Frost Bankers has a 52 week low of $62.97 and a 52 week high of $80.38. The stock’s 50-day moving average is $76.01 and its 200-day moving average is $74.7. The company has a market cap of $4.643 billion and a price-to-earnings ratio of 19.69.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.96 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.98 by $0.02. During the same quarter last year, the company posted $0.91 earnings per share. Analysts expect that Cullen/Frost Bankers will post $4.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors 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 an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.50.
A number of research firms have recently commented on CFR. 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 analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.00.
Cullen/Frost Bankers, Inc (NYSE:CFR) is a financial holding company and a bank holding company.
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