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NEW YORK ( TheStreet) -- Cullen Frost Bankers (NYSE: CFR) hit a new 52-week high Friday as it is currently trading at $60.64, above its previous 52-week high of $60.59 with 234,558 shares traded as of 10:59 a.m. ET. Average volume has been 581,900 shares over the past 30 days. Cullen Frost has a market cap of $3.5 billion and is part of the financial sector and banking industry. Shares are up 12.9% year to date as of the close of trading on Thursday. Cullen/Frost Bankers, Inc. operates as the holding company for The Frost National Bank that offers commercial and consumer banking, and other financial products and services primarily in Texas. The company has a P/E ratio of 16.7, above the average banking industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7.