Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Closed Over Its 50 Day Average


Shares are trading at $97.90 a tad above the 50 day moving average of $92.45 and just a bit higher than the 200 day moving average of $91.97. The 50 day moving average was up by +5.90% whereas the 200 day moving average was up $5.93 or +6.44%. Trading was light with 327K shares changing hands by the end of trading on Tuesday. Volume was down 63.23% under the stocks average daily volume.

Investors are feeling more bullish of late if you evaluate the downtick in short interest. The company recorded a fall in short interest of -2.40% between September 15, 2017 and September 29, 2017. Short shares decreased 97,260 over that timeframe. With short interest at 3,960,372 and short average daily volume at 412,115, the short-interest ratio is 10.0 and the percentage of shorted shares is 0.06% as of September 29.

These funds have shifted positions in (CFR). As of quarter end Meeder Asset Management Inc had acquired a total of 531 shares growing its holdings by 50.6%. The value of the total investment in Cullen/Frost Bankers, Inc. increased from $99,000 to $150,000 a change of $51,000 since the last quarter. Mutual Of America Capital Management LLC grew its stake by buying 2,027 shares an increase of 4.4% in the quarter. Mutual Of America Capital Management LLC owns 47,922 shares worth $4,549,000. The value of the position overall is up by 5.5%.

As of the end of the quarter Shell Asset Management CO had sold 300 shares trimming its position 2.4%. The value of the investment in (CFR) went from $1,186,000 to $1,171,000 decreasing 1.3% quarter over quarter. State Treasurer State Of Michigan cut its investment by shedding 1,500 shares a decrease of 6.4% from 06/30/2017 to 09/30/2017. State Treasurer State Of Michigan now holds 22,000 shares with a value of $2,088,000. The total value of its holdings decreased 5.4%.

The company is down by 1.28% percent from yesterday’s close. Additionally the company declared a dividend for shareholders that was paid on Fri Sep 15, 2017. The dividend payment was $0.570 per share for the quarter or $2.28 annualized. This dividend represents a yield of $2.30. The ex-dividend date was Tuesday the 29th of August 2017.

The most current P/E ratio is 19.29 and the market cap of the company is 6.29B. As of the latest earnings report the EPS was $5.08 and is projected to be $5.23 for the current year with 64,229,000 shares now outstanding. Analysts expect next quarter’s EPS to be $1.36 with next year’s EPS projected to be $5.68.

Cullen/Frost Bankers, Inc., launched on January 25, 1966, is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Business’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include a range of lending and cash management products. Consumer banking services include direct lending and depository services. Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products and human resources consulting services. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and securities brokerage services. The Non-Banks segment includes the direct and indirect ownership of its banking and non-banking subsidiaries and the issuance of debt and equity..