Candace K. Wolfshohl Sells 4,500 Shares of Cullen/Frost Bankers Inc. (CFR) Stock
Cullen/Frost Bankers Inc. (NYSE:CFR) insider Candace K. Wolfshohl sold 4,500 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $69.88, for a total transaction of $314,460.00. Following the sale, the insider now owns 8,145 shares of the company’s stock, valued at $569,172.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cullen/Frost Bankers Inc. (NYSE:CFR) opened at 69.52 on Monday. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 16.43 and a beta of 1.13. Cullen/Frost Bankers Inc. has a 52-week low of $42.41 and a 52-week high of $73.99. The company’s 50 day moving average is $70.38 and its 200-day moving average is $63.43.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.06. Cullen/Frost Bankers had a net margin of 24.81% and a return on equity of 9.67%. During the same quarter last year, the company posted $1.11 earnings per share. Equities analysts anticipate that Cullen/Frost Bankers Inc. will post $4.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.54 per share. The ex-dividend date was Monday, August 29th. This represents a $2.16 dividend on an annualized basis and a yield of 3.11%. Cullen/Frost Bankers’s dividend payout ratio is currently 50.82%.
A number of large investors have recently bought and sold shares of CFR. Bessemer Group Inc. raised its stake in Cullen/Frost Bankers by 5.3% in the first quarter. Bessemer Group Inc. now owns 2,033 shares of the company’s stock worth $112,000 after buying an additional 103 shares in the last quarter. Creative Planning raised its stake in Cullen/Frost Bankers by 112.3% in the second quarter. Creative Planning now owns 3,132 shares of the company’s stock worth $200,000 after buying an additional 1,657 shares in the last quarter. Rench Wealth Management Inc. purchased a new stake in Cullen/Frost Bankers during the second quarter worth approximately $204,000. LS Investment Advisors LLC raised its stake in Cullen/Frost Bankers by 72.2% in the second quarter. LS Investment Advisors LLC now owns 3,267 shares of the company’s stock worth $208,000 after buying an additional 1,370 shares in the last quarter. Finally, Fruth Investment Management purchased a new stake in Cullen/Frost Bankers during the second quarter worth approximately $216,000. Institutional investors own 84.82% of the company’s stock.
CFR has been the subject of a number of research reports. Royal Bank Of Canada raised their price target on shares of Cullen/Frost Bankers from $63.00 to $70.00 and gave the stock a “sector perform” rating in a report on Thursday, July 28th. Maxim Group raised their price target on shares of Cullen/Frost Bankers from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Evercore ISI upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating and raised their price target for the stock from $52.00 to $67.00 in a report on Thursday, June 9th. RBC Capital Markets restated a “sector perform” rating and issued a $70.00 price target (up from $63.00) on shares of Cullen/Frost Bankers in a report on Thursday, July 28th. Finally, Zacks Investment Research cut shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $66.38.
About Cullen/Frost Bankers
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.
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