Cullen/Frost Bankers, Inc. (NYSE:CFR) Director R Denny Alexander sold 2,000 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $109.54, for a total value of $219,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
R Denny Alexander also recently made the following trade(s):
- On Monday, January 29th, R Denny Alexander sold 3,000 shares of Cullen/Frost Bankers stock. The shares were sold at an average price of $107.50, for a total value of $322,500.00.
Cullen/Frost Bankers, Inc. (CFR) traded up $0.66 during midday trading on Monday, reaching $110.67. 388,135 shares of the company’s stock traded hands, compared to its average volume of 425,437. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.07. Cullen/Frost Bankers, Inc. has a one year low of $81.09 and a one year high of $111.10. The firm has a market capitalization of $7,050.00, a P/E ratio of 20.21, a PEG ratio of 1.84 and a beta of 1.33.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 2.06%. Cullen/Frost Bankers’s dividend payout ratio is presently 41.61%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Old Mutual Global Investors UK Ltd. acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at $116,000. Brown Advisory Inc. acquired a new position in Cullen/Frost Bankers in the third quarter valued at $212,000. BlueCrest Capital Management Ltd acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at $237,000. Capital Fund Management S.A. acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at $246,000. Finally, Timber Hill LLC acquired a new stake in shares of Cullen/Frost Bankers during the fourth quarter worth about $265,000. Institutional investors own 80.20% of the company’s stock.
Several equities analysts recently commented on CFR shares. Zacks Investment Research lowered Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays increased their target price on Cullen/Frost Bankers from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Maxim Group reissued a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Stephens set a $110.00 target price on Cullen/Frost Bankers and gave the company a “hold” rating in a report on Friday, February 9th. Finally, ValuEngine raised Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $104.19.
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About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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