Cullen/Frost Bankers (CFR) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.04. Analysts expectations of $310.33 million. During the same quarter in the previous year, the company posted $1.11 EPS.
Many Wall Street Analysts have commented on Cullen/Frost Bankers. Cullen/Frost Bankers was Upgraded by Evercore ISI to ” Hold” on Jun 9, 2016. Compass Point Initiated Cullen/Frost Bankers on Jun 7, 2016 to “Neutral”, Price Target of the shares are set at $65.
Cullen/Frost Bankers closed down -0.79 points or -1.12% at $69.45 with 8,94,908 shares getting traded on Thursday. Post opening the session at $70.03, the shares hit an intraday low of $68.59 and an intraday high of $70.25 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 8, 2016, Paul Olivier (Group Executive Vice President) sold 3,476 shares at $67.27 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.