Cullen/Frost Bankers Inc. (CFR) Sees Unusually-High Trading Volume
Cullen/Frost Bankers Inc. (NYSE:CFR) saw unusually-high trading volume on Thursday . Approximately 892,099 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 503,726 shares.The stock last traded at $68.17 and had previously closed at $68.09.
CFR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, April 6th. TheStreet raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research report on Wednesday, April 20th. Zacks Investment Research cut shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research report on Tuesday, March 29th. Evercore ISI increased their price objective on shares of Cullen/Frost Bankers from $40.00 to $42.00 and gave the stock a “sell” rating in a research report on Friday, April 1st. Finally, Vetr cut shares of Cullen/Frost Bankers from a “strong-buy” rating to a “buy” rating and set a $66.00 price objective for the company. in a research report on Tuesday, June 28th. Five analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.15.
The company’s 50-day moving average is $64.72 and its 200 day moving average is $57.73. The firm has a market capitalization of $4.23 billion and a P/E ratio of 16.06.
Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Wednesday, April 27th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. During the same quarter last year, the firm posted $1.10 EPS. Equities analysts forecast that Cullen/Frost Bankers Inc. will post $4.45 earnings per share for the current fiscal year.
In other Cullen/Frost Bankers news, EVP Paul Olivier sold 3,476 shares of Cullen/Frost Bankers stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $67.27, for a total transaction of $233,830.52. Following the completion of the transaction, the executive vice president now owns 16,143 shares in the company, valued at $1,085,939.61. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Other institutional investors have made changes to their positions in the company. State of Tennessee Treasury Department boosted its position in shares of Cullen/Frost Bankers by 184.4% in the fourth quarter. State of Tennessee Treasury Department now owns 138,800 shares of the company’s stock worth $8,328,000 after buying an additional 90,000 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Cullen/Frost Bankers during the fourth quarter worth about $2,062,000. Hodges Capital Management Inc. boosted its position in shares of Cullen/Frost Bankers by 16.6% in the fourth quarter. Hodges Capital Management Inc. now owns 32,122 shares of the company’s stock worth $1,927,000 after buying an additional 4,563 shares during the last quarter. US Bancorp DE boosted its position in shares of Cullen/Frost Bankers by 0.7% in the fourth quarter. US Bancorp DE now owns 56,515 shares of the company’s stock worth $3,391,000 after buying an additional 366 shares during the last quarter. Finally, Coho Partners Ltd. boosted its position in shares of Cullen/Frost Bankers by 1.7% in the fourth quarter. Coho Partners Ltd. now owns 755,508 shares of the company’s stock worth $45,330,000 after buying an additional 12,854 shares during the last quarter.
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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