Cullen/frost Bankers, Inc. (CFR): Candace K Wolfshohl , Group Executive Vice President of Cullen/frost Bankers, Inc. sold 4,500 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $69.88 per share for a total value of $314,460.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 14, 2016, Candace K Wolfshohl (Group Executive Vice President) sold 4,500 shares at $69.88 per share price.On Sep 7, 2016, Jack A Wood (director) sold 10,200 shares at $73.44 per share price.Also, On Aug 16, 2016, Bobby Berman (Group Executive Vice President) sold 7,101 shares at $70.46 per share price.On Aug 2, 2016, Patrick B Frost (President of Frost Bank) sold 10,500 shares at $67.73 per share price.
Shares of Cullen/Frost Bankers (CFR) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -0.33% at $70.47 with 597,937 shares getting traded. Post opening the session at $70.39, the shares hit an intraday low of $69.09 and an intraday high of $70.72 and the price vacillated in this range throughout the day. The company has a market cap of $4,377 M and the number of outstanding shares has been calculated to be 62,107,408 shares. The 52-week high of Cullen/Frost Bankers is $73.99 and the 52-week low is $42.41.
Company has been under the radar of several Street Analysts.Cullen/Frost Bankers is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $70 .The Rating was issued on Jul 28, 2016.Cullen/Frost Bankers is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $63 .The Rating was issued on Jul 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.