The GEVP and Chief Risk Officer of Cullen/Frost Bankers (NYSE: CFR) is Buying Shares

By Carrie Williams

Today, the GEVP and Chief Risk Officer of Cullen/Frost Bankers (NYSE: CFR), William Perotti, bought shares of CFR for $681.7K.

Following William Perotti’s last CFR Buy transaction on March 05, 2014, the stock climbed by 38.3%. Following this transaction William Perotti’s holding in the company was increased by 11.1% to a total of $12.35 million.

Based on Cullen/Frost Bankers’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $314 million and quarterly net profit of $101 million. In comparison, last year the company earned revenue of $298 million and had a net profit of $83.34 million. The company has a one-year high of $108.77 and a one-year low of $81.09. CFR’s market cap is $6.69B and the company has a P/E ratio of 18.62.

One of the top 25 analysts, according to TipRanks.com, recently recommended Hold CFR with a $104 price target. Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $111.75, reflecting a -8.6% downside.

In the last 30 days, insiders have sold $6.11M worth of CFR shares and purchased $2.82M worth of CFR shares. The insider sentiment on Cullen/Frost Bankers has been neutral according to 32 insider trades in the past three months. This sentiment is slightly lower 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 is engaged in the business 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. The company operates through the following segments: Banking and Frost Wealth Advisors. The Banking operating segment includes both Commercial and Consumer banking services, Frost Securities, Inc. and Frost Insurance Agency. The Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products. The Consumer banking services include direct lending and depository services. Its 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. This segment’s Frost Securities, Inc. provides advisory and private equity services to middle market companies. 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. Cullen/Frost Bankers was founded in 1977 and is headquartered in San Antonio, TX.