Today, a Director at Cullen/Frost Bankers (NYSE: CFR), Carlos Alvarez, bought shares of CFR for $5.06M.
Following Carlos Alvarez’s last CFR Buy transaction on February 02, 2016, the stock climbed by 53.1%. Following this transaction Carlos Alvarez’s holding in the company was increased by 16.24% to a total of $40.5 million.
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Based on Cullen/Frost Bankers’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $355 million and quarterly net profit of $117 million. In comparison, last year the company earned revenue of $308 million and had a net profit of $92.66 million. CFR’s market cap is $6.11B and the company has a P/E ratio of 14.53. Currently, Cullen/Frost Bankers has an average volume of 241.6K.
Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $108.92, reflecting a 13.7% upside.
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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.
