Stock Analysis

Chairman of the Board & CEO Phillip Green Just Bought 7.1% More Shares In Cullen/Frost Bankers, Inc. (NYSE:CFR)

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Those following along with Cullen/Frost Bankers, Inc. (NYSE:CFR) will no doubt be intrigued by the recent purchase of shares by Phillip Green, Chairman of the Board & CEO of the company, who spent a stonking US$1.0m on stock at an average price of US$107. While that only increased their holding size by 7.1%, it is still a big swing by our standards.

See our latest analysis for Cullen/Frost Bankers

The Last 12 Months Of Insider Transactions At Cullen/Frost Bankers

The Director, Patrick Frost, made the biggest insider sale in the last 12 months. That single transaction was for US$15m worth of shares at a price of US$131 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$112. So it may not tell us anything about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 16.50k shares worth US$1.9m. On the other hand they divested 117.49k shares, for US$15m. All up, insiders sold more shares in Cullen/Frost Bankers than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NYSE:CFR Insider Trading Volume March 15th 2023

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Does Cullen/Frost Bankers Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Cullen/Frost Bankers insiders own 3.1% of the company, currently worth about US$219m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Cullen/Frost Bankers Tell Us?

It's certainly positive to see the recent insider purchases. On the other hand the transaction history, over the last year, isn't so positive. The recent buying by some insiders , along with high insider ownership, suggest that Cullen/Frost Bankers insiders are fairly aligned, and optimistic. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Cullen/Frost Bankers.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

What are the risks and opportunities for Cullen/Frost Bankers?

Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

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  • Trading at 51.1% below our estimate of its fair value

  • Earnings are forecast to grow 3.64% per year

  • Earnings grew by 31.3% over the past year


No risks detected for CFR from our risks checks.

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