Cullen/Frost Bankers (CFR) : Beacon Financial Group added new position in Cullen/Frost Bankers during the most recent quarter end. The investment management firm now holds 141,679 shares of Cullen/Frost Bankers which is valued at $7.7 Million according to a report filed by the company on Apr 1, 2016 with the SEC.Cullen/Frost Bankers makes up approximately 1.66% of Beacon Financial Group’s portfolio.
On the company’s financial health, Cullen/Frost Bankers reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus of $0.98.Analysts expectations of $ 309.23.During the same quarter in the previous year, the company posted $1.11 EPS.
Many Wall Street Analysts have commented on Cullen/Frost Bankers. Shares were Reiterated by RBC Capital Mkts on Jan 28, 2016 to “Sector Perform” and Lowered the Price Target to $ 54 from a previous price target of $60 .Shares were Reiterated by RBC Capital Mkts on Jan 21, 2016 to “Sector Perform” and Lowered the Price Target to $ 60 from a previous price target of $74 .Cullen/Frost Bankers was Downgraded by Macquarie to ” Underperform” on Jan 13, 2016.
Cullen/Frost Bankers opened for trading at $53.29 and hit $54.82 on the upside on Monday, eventually ending the session at $53.59, with a gain of 1.57% or 0.83 points. The heightened volatility saw the trading volume jump to 5,72,591 shares. Company has a market cap of $3,322 M.
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.