The Chairman & CEO of Cullen/Frost Bankers (NYSE: CFR) is Buying Shares

By Carrie Williams

Today, the Chairman & CEO of Cullen/Frost Bankers (CFRResearch Report), Phillip Green, bought shares of CFR for $745.5K.

Following this transaction Phillip Green’s holding in the company was increased by 12.13% to a total of $9.47 million. In addition to Phillip Green, one other CFR executive reported Buy trades in the last month.

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Based on Cullen/Frost Bankers’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $457 million and quarterly net profit of $54.75 million. In comparison, last year the company earned revenue of $343 million and had a net profit of $116 million. The company has a one-year high of $100.79 and a one-year low of $47.69. CFR’s market cap is $4.94 billion and the company has a P/E ratio of 13.60.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $70.43, reflecting a 6.2% upside.

In the last 30 days, insiders have sold $876.5K worth of CFR shares and purchased $2.74M worth of CFR shares. The insider sentiment on Cullen/Frost Bankers has been positive according to 41 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Cullen/Frost Bankers, Inc. operates as a bank holding company of Frost Bank, which engages in the provision of commercial and consumer banking services, as well as trust and investment management, mutual funds, investment banking, insurance, brokerage, leasing, asset-based lending, treasury management and item processing services. It operates through the following segments: Banking and Frost Wealth Advisors. The Banking operating segment includes both commercial and consumer banking services and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products; Consumer banking services include direct lending and depository services; Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products and human resources consulting services. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and brokerage services. The company was founded in 1868 and is headquartered in San Antonio, TX.