Yost Capital Management L.l.c. Lowers stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Yost Capital Management L.l.c. reduced its stake in Cullen/Frost Bankers by 16.14% during the most recent quarter end. The investment management company now holds a total of 193,540 shares of Cullen/Frost Bankers which is valued at $16,210,910 after selling 37,260 shares in Cullen/Frost Bankers , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Cullen/Frost Bankers makes up approximately 9.89% of Yost Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments reduced its stake in CFR by selling 16,390 shares or 92.65% in the most recent quarter. The Hedge Fund company now holds 1,300 shares of CFR which is valued at $108,888.Bb&t Securities boosted its stake in CFR in the latest quarter, The investment management firm added 5,448 additional shares and now holds a total of 56,511 shares of Cullen/Frost Bankers which is valued at $4,478,497. Cullen/Frost Bankers makes up approx 0.07% of Bb&t Securities’s portfolio.Neuberger Berman Group boosted its stake in CFR in the latest quarter, The investment management firm added 237,871 additional shares and now holds a total of 2,109,902 shares of Cullen/Frost Bankers which is valued at $155,225,490. Cullen/Frost Bankers makes up approx 0.22% of Neuberger Berman Group’s portfolio.Rowland Co Investment Counseladv boosted its stake in CFR in the latest quarter, The investment management firm added 5,144 additional shares and now holds a total of 56,461 shares of Cullen/Frost Bankers which is valued at $4,291,036. Cullen/Frost Bankers makes up approx 2.05% of Rowland Co Investment Counseladv’s portfolio.Ibm Retirement Fund reduced its stake in CFR by selling 334 shares or 6.23% in the most recent quarter. The Hedge Fund company now holds 5,030 shares of CFR which is valued at $377,351. Cullen/Frost Bankers makes up approx 0.02% of Ibm Retirement Fund’s portfolio.

Cullen/Frost Bankers opened for trading at $83.02 and hit $83.66 on the upside on Monday, eventually ending the session at $83.18, with a gain of 0.12% or 0.1 points. The heightened volatility saw the trading volume jump to 5,33,165 shares. Company has a market cap of $5,237 M.

On the company’s financial health, Cullen/Frost Bankers reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.16. The company had revenue of $317.78 million for the quarter, compared to analysts expectations of $317.73 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.

Investors should note that on Oct 27, 2016, Cullen/Frost Bankers announced a cash dividend of $0.5400. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on Cullen/Frost Bankers. Company shares were Downgraded by Wedbush on Nov 17, 2016 to ” Underperform”, Firm has raised the Price Target to $ 78 from a previous price target of $72 .Cullen/Frost Bankers was Upgraded by Macquarie to ” Neutral” on Oct 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Oct 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 75 from a previous price target of $70 .

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.

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