Insider Selling: Cullen/Frost Bankers, Inc. (NYSE:CFR) Insider Sells 24,000 Shares of Stock

Cullen/Frost Bankers, Inc. (NYSE:CFR) insider Gary C. Mcknight sold 24,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $106.32, for a total value of $2,551,680.00. Following the completion of the transaction, the insider now directly owns 12,844 shares in the company, valued at approximately $1,365,574.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cullen/Frost Bankers, Inc. (NYSE:CFR) opened at $107.91 on Thursday. The firm has a market capitalization of $6,617.85, a P/E ratio of 19.58, a PEG ratio of 1.73 and a beta of 1.37. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers, Inc. has a 52 week low of $81.09 and a 52 week high of $108.77.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 25th. The bank reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.08. Cullen/Frost Bankers had a return on equity of 11.78% and a net margin of 29.62%. The company had revenue of $358.69 million for the quarter, compared to analyst estimates of $351.34 million. During the same quarter last year, the company earned $1.28 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. research analysts expect that Cullen/Frost Bankers, Inc. will post 6.32 EPS for the current year.

Cullen/Frost Bankers declared that its board has approved a share buyback program on Thursday, October 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the bank to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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 dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 2.11%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 41.38%.

A number of institutional investors have recently bought and sold shares of CFR. Tower Research Capital LLC TRC acquired a new stake in shares of Cullen/Frost Bankers in the 2nd quarter valued at $114,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at $116,000. Westwood Holdings Group Inc. acquired a new stake in shares of Cullen/Frost Bankers in the 2nd quarter valued at $131,000. Meeder Asset Management Inc. boosted its holdings in shares of Cullen/Frost Bankers by 50.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,580 shares of the bank’s stock valued at $150,000 after purchasing an additional 531 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 80.12% of the company’s stock.

A number of research firms have recently weighed in on CFR. Stephens set a $110.00 target price on Cullen/Frost Bankers and gave the stock a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Wednesday, January 10th. SunTrust Banks reiterated a “buy” rating and issued a $116.00 price objective on shares of Cullen/Frost Bankers in a report on Wednesday, November 29th. Morgan Stanley upped their price objective on Cullen/Frost Bankers from $96.00 to $107.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Citigroup upgraded Cullen/Frost Bankers to a “market perform” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $104.19.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Cullen/Frost Bankers, Inc. (NYSE:CFR) Insider Sells 24,000 Shares of Stock” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at

Cullen/Frost Bankers Company Profile

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.

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

Receive News & Ratings for Cullen/Frost Bankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers and related companies with's FREE daily email newsletter.

Leave a Reply