Cullen/frost Bankers, Inc. (CFR) Files Form 4 Insider Selling : Paul Olivier Sells 3,476 Shares

Cullen/frost Bankers, Inc. (CFR): Paul Olivier , Group Executive Vice President of Cullen/frost Bankers, Inc. sold 3,476 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $67.27 per share for a total value of $233,830.52 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Candace K Wolfshohl (Group Executive Vice President) purchased 777 shares at $57.58 per share price.On Feb 8, 2016, Richard W Jr Evans (CEO) purchased 40,000 shares at $48.93 per share price.Also, On Feb 8, 2016, Chris Avery (director) purchased 5,000 shares at $48.51 per share price.On Feb 2, 2016, Carlos Alvarez (director) purchased 40,000 shares at $47.24 per share price.

Shares of Cullen/Frost Bankers (CFR) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.44 points or -0.65% at $66.83 with 2,46,518 shares getting traded. Post opening the session at $67.46, the shares hit an intraday low of $66.53 and an intraday high of $67.5401 and the price vacillated in this range throughout the day. The company has a market cap of $4,143 M and the number of outstanding shares has been calculated to be 6,19,91,208 shares. The 52-week high of Cullen/Frost Bankers is $80.23 and the 52-week low is $42.41.

Cullen/Frost Bankers Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cullen/Frost Bankers is Upgraded by Evercore ISI to Hold. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Jun 9, 2016.Cullen/Frost Bankers is Initiated by Compass Point to Neutral and the brokerage firm has set the Price Target at $65. The Rating was issued on Jun 7, 2016.Cullen/Frost Bankers is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 63 from a previous price target of $54 .The Rating was issued on Apr 28, 2016.

Cullen/Frost Bankers Inc. (Cullen/Frost) is a financial holding and a bank holding company. The Company through its subsidiaries offers commercial and consumer banking services trust and investment management mutual funds investment banking insurance brokerage leasing treasury management and item processing services. The Company serves industries including energy manufacturing services construction retail telecommunications healthcare military and transportation among others. The Company operates in two segments: Banking and Frost Wealth Advisors. The Banking segment includes commercial and consumer banking services Frost Securities Inc. and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients. Consumer banking services include direct lending and depository services. The Frost Wealth Advisors segment includes fee-based services within private trust retirement services and financial management services.

Leave a Reply

Cullen/Frost Bankers - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cullen/Frost Bankers. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.