.png "Cullen/Frost Bankers (NYSE: CFR)")
Today, the GEVP and CFO of Cullen/Frost Bankers (CFR), Jerry Salinas, sold shares of CFR for $1.21M.
Following Jerry Salinas’ last CFR Sell transaction on December 04, 2017, the stock climbed by 6.8%. In addition to Jerry Salinas, 2 other CFR executives reported Sell trades in the last month.
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Based on Cullen/Frost Bankers’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $377 million and quarterly net profit of $116 million. In comparison, last year the company earned revenue of $333 million and had a net profit of $106 million. CFR’s market cap is $6.34B and the company has a P/E ratio of 14.29. Currently, Cullen/Frost Bankers has an average volume of 114.5K.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $102.30, reflecting a 3.1% upside.
In the last 30 days, insiders have sold $2.66M worth of CFR shares and purchased $1.33M worth of CFR shares. The insider sentiment on Cullen/Frost Bankers has been neutral according to 19 insider trades in the past three months. This sentiment is higher 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 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.
