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 stock was sold at an average price of $109.54, for a total value of $219,080.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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 stock was sold at an average price of $107.50, for a total value of $322,500.00.
Cullen/Frost Bankers, Inc. (NYSE CFR) opened at $109.83 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $7,047.70, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.33. Cullen/Frost Bankers, Inc. has a 1 year low of $81.09 and a 1 year high of $111.10.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 2.08%. Cullen/Frost Bankers’s dividend payout ratio is presently 41.38%.
Several analysts recently weighed in on the company. Zacks Investment Research raised Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Wednesday, January 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Cullen/Frost Bankers in a research note on Wednesday, November 29th. Barclays raised their price objective on Cullen/Frost Bankers from $110.00 to $113.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Morgan Stanley raised their price objective on Cullen/Frost Bankers from $96.00 to $107.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Stephens set a $110.00 price objective on Cullen/Frost Bankers and gave the company a “hold” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $104.19.
A number of institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB bought a new position in Cullen/Frost Bankers in the fourth quarter valued at about $475,000. Envestnet Asset Management Inc. raised its position in Cullen/Frost Bankers by 8.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,996 shares of the bank’s stock valued at $2,272,000 after purchasing an additional 1,884 shares during the last quarter. WealthPLAN Partners LLC bought a new position in Cullen/Frost Bankers in the fourth quarter valued at about $1,360,000. MetLife Investment Advisors LLC bought a new position in Cullen/Frost Bankers in the fourth quarter valued at about $3,442,000. Finally, Jane Street Group LLC raised its position in Cullen/Frost Bankers by 19.2% in the fourth quarter. Jane Street Group LLC now owns 3,520 shares of the bank’s stock valued at $333,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 80.20% of the company’s stock.
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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