Yost Capital Management L.l.c. buys $15,865,192 stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Yost Capital Management L.l.c. scooped up 20,000 additional shares in Cullen/Frost Bankers during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 230,800 shares of Cullen/Frost Bankers which is valued at $15,865,192.Cullen/Frost Bankers makes up approximately 7.99% of Yost Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Tctc Holdings reduced its stake in CFR by selling 2,525 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 276,398 shares of CFR which is valued at $18,999,599. Cullen/Frost Bankers makes up approx 1.22% of Tctc Holdings’s portfolio.First Trust Advisors Lp boosted its stake in CFR in the latest quarter, The investment management firm added 7,795 additional shares and now holds a total of 273,817 shares of Cullen/Frost Bankers which is valued at $19,238,382. Cullen/Frost Bankers makes up approx 0.06% of First Trust Advisors Lp’s portfolio. Prentiss Smith Co Inc sold out all of its stake in CFR during the most recent quarter. The investment firm sold 514 shares of CFR which is valued $34,895. Leavell Investment Management added CFR to its portfolio by purchasing 5,585 company shares during the most recent quarter which is valued at $380,283. Cullen/Frost Bankers makes up approx 0.05% of Leavell Investment Management’s portfolio.

Cullen/Frost Bankers closed down -0.48 points or -0.66% at $72.42 with 4,13,524 shares getting traded on Thursday. Post opening the session at $73.33, the shares hit an intraday low of $71.7 and an intraday high of $73.63 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. 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 was Upgraded by Evercore ISI to ” Hold” on Jun 9, 2016.

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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