Cullen/Frost Bankers Inc. (NYSE:CFR)’s share price rose 1.4% during trading on Wednesday . The stock traded as high as $71.35 and last traded at $71.04, with a volume of 218,769 shares changing hands. The stock had previously closed at $70.05.

CFR has been the topic of several recent research reports. Deutsche Bank AG reiterated a “buy” rating and set a $64.00 price objective on shares of Cullen/Frost Bankers in a research report on Sunday, May 22nd. JPMorgan Chase & Co. increased their price objective on Cullen/Frost Bankers from $55.00 to $58.00 and gave the company an “underweight” rating in a research report on Thursday, July 7th. Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $54.00 to $63.00 and gave the company a “sector perform” rating in a report on Thursday, April 28th. Jefferies Group increased their target price on Cullen/Frost Bankers from $61.00 to $67.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Finally, Vetr cut Cullen/Frost Bankers from a “strong-buy” rating to a “buy” rating and set a $66.00 target price for the company. in a report on Tuesday, June 28th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus target price of $66.38.

The stock has a market capitalization of $4.41 billion and a P/E ratio of 16.79. The company’s 50-day moving average price is $67.59 and its 200-day moving average price is $60.45.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.06. During the same period in the prior year, the firm earned $1.11 EPS. On average, equities analysts expect that Cullen/Frost Bankers Inc. will post $4.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, August 29th. This represents a $2.16 annualized dividend and a yield of 3.04%.

In other Cullen/Frost Bankers news, EVP Paul Olivier sold 3,476 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $67.27, for a total transaction of $233,830.52. Following the sale, the executive vice president now directly owns 16,143 shares of the company’s stock, valued at $1,085,939.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Phillip D. Green sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $69.42, for a total value of $937,170.00. Following the sale, the chairman now directly owns 49,763 shares in the company, valued at $3,454,547.46. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Cullen/Frost Bankers by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 506,416 shares of the company’s stock worth $30,385,000 after buying an additional 3,046 shares in the last quarter. Morgan Stanley boosted its position in Cullen/Frost Bankers by 356.4% in the fourth quarter. Morgan Stanley now owns 421,202 shares of the company’s stock worth $25,273,000 after buying an additional 328,916 shares in the last quarter. Trexquant Investment LP acquired a new position in Cullen/Frost Bankers during the fourth quarter worth approximately $2,062,000. King Luther Capital Management Corp boosted its position in Cullen/Frost Bankers by 1.4% in the fourth quarter. King Luther Capital Management Corp now owns 2,207,172 shares of the company’s stock worth $132,430,000 after buying an additional 29,581 shares in the last quarter. Finally, US Bancorp DE boosted its position in 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 in 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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