Charter Trust Co Lowers stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Charter Trust Co reduced its stake in Cullen/Frost Bankers by 0.4% during the most recent quarter end. The investment management company now holds a total of 14,396 shares of Cullen/Frost Bankers which is valued at $1,038,096 after selling 58 shares in Cullen/Frost Bankers , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Cullen/Frost Bankers makes up approximately 0.12% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Fruth Investment Management reduced its stake in CFR by selling 400 shares or 11.76% in the most recent quarter. The Hedge Fund company now holds 3,000 shares of CFR which is valued at $217,500. Cullen/Frost Bankers makes up approx 0.11% of Fruth Investment Management’s portfolio.First National Bank Of Omaha reduced its stake in CFR by selling 230 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 20,140 shares of CFR which is valued at $1,460,150. Cullen/Frost Bankers makes up approx 0.11% of First National Bank Of Omaha’s portfolio.Capstone Asset Management Co boosted its stake in CFR in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 34,675 shares of Cullen/Frost Bankers which is valued at $2,513,938. Cullen/Frost Bankers makes up approx 0.07% of Capstone Asset Management Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CFR by selling 18,818 shares or 68.92% in the most recent quarter. The Hedge Fund company now holds 8,486 shares of CFR which is valued at $618,205.

Cullen/Frost Bankers opened for trading at $72.21 and hit $72.68 on the upside on Friday, eventually ending the session at $72.11, with a gain of 1.51% or 1.07 points. The heightened volatility saw the trading volume jump to 3,22,300 shares. Company has a market cap of $4,479 M.

On the company’s financial health, Cullen/Frost Bankers reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.04.Analysts expectations of $ 310.33.During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Cullen/Frost Bankers. Wedbush Initiated Cullen/Frost Bankers on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $68.Company shares were Reiterated by Maxim Group on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $70 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $63 .

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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