Today The Cullen/Frost Bankers, Inc. (CFR) Announces Earnings Results, Beats Expectations By $0.06 EPS

Today The Cullen/Frost Bankers, Inc. (CFR) Announces  Earnings Results, Beats Expectations By $0.06 EPS

Cullen/Frost Bankers, Inc. (NYSE:CFR) posted its quarterly earnings results on Wednesday. The company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.06. Cullen/Frost Bankers had a net margin of 25.06% and a return on equity of 9.61%.

Shares of Cullen/Frost Bankers (NYSE:CFR) traded up 1.674% on Wednesday, hitting $92.035. 532,866 shares of the stock traded hands. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 21.399 and a beta of 1.20. The company’s 50 day moving average is $87.38 and its 200 day moving average is $76.56. Cullen/Frost Bankers has a one year low of $42.62 and a one year high of $92.93.

In other news, CFO Jerry Salinas sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $88.16, for a total transaction of $1,057,920.00. Following the completion of the transaction, the chief financial officer now directly owns 23,808 shares in the company, valued at $2,098,913.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Bracher sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $75.13, for a total value of $976,690.00. Following the transaction, the insider now owns 91,254 shares of the company’s stock, valued at $6,855,913.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 724,923 shares of company stock valued at $58,270,442. Corporate insiders own 8.03% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Cullen/Frost Bankers by 4,080.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,463 shares of the company’s stock worth $105,000 after buying an additional 1,428 shares during the period. NEXT Financial Group Inc purchased a new stake in Cullen/Frost Bankers during the third quarter worth about $107,000. Mosaic Family Wealth LLC boosted its stake in Cullen/Frost Bankers by 9.0% in the third quarter. Mosaic Family Wealth LLC now owns 1,594 shares of the company’s stock worth $115,000 after buying an additional 132 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Cullen/Frost Bankers by 0.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 1,712 shares of the company’s stock worth $123,000 after buying an additional 8 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cullen/Frost Bankers by 18.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,815 shares of the company’s stock worth $131,000 after buying an additional 279 shares in the last quarter. Institutional investors own 83.25% of the company’s stock.

CFR has been the topic of a number of research reports. Maxim Group increased their price objective on shares of Cullen/Frost Bankers from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 19th. J P Morgan Chase & Co raised shares of Cullen/Frost Bankers from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $67.00 to $95.00 in a research note on Thursday, January 5th. SunTrust Banks, Inc. raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research note on Monday, December 19th. Wedbush increased their price objective on shares of Cullen/Frost Bankers from $78.00 to $80.00 and gave the company an “underperform” rating in a research note on Wednesday, November 30th. Finally, Zacks Investment Research raised shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research note on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $78.77.

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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