Cibc Asset Management Has Increased Its Enerplus (ERF) Stake; CULLEN/FROST Bankers (CFR) Shorts Lowered By 4.05%

May 18, 2018 - By Darrin Black

Cullen/Frost Bankers, Inc. (NYSE:CFR) Logo

CULLEN/FROST Bankers Inc (NYSE:CFR) had a decrease of 4.05% in short interest. CFR’s SI was 2.58M shares in May as released by FINRA. Its down 4.05% from 2.69M shares previously. With 470,400 avg volume, 6 days are for CULLEN/FROST Bankers Inc (NYSE:CFR)’s short sellers to cover CFR’s short positions. The SI to CULLEN/FROST Bankers Inc’s float is 4.62%. The stock decreased 0.03% or $0.03 during the last trading session, reaching $119.5. About 27,224 shares traded. Cullen/Frost Bankers, Inc. (NYSE:CFR) has risen 22.62% since May 18, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.




Cibc Asset Management Inc increased Enerplus Corp (ERF) stake by 69.08% reported in 2017Q4 SEC filing. Cibc Asset Management Inc acquired 66,450 shares as Enerplus Corp (ERF)’s stock rose 18.50%. The Cibc Asset Management Inc holds 162,645 shares with $1.60 million value, up from 96,195 last quarter. Enerplus Corp now has $3.10B valuation. The stock decreased 0.31% or $0.04 during the last trading session, reaching $12.75. About 440,562 shares traded. Enerplus Corporation (NYSE:ERF) has risen 46.73% since May 18, 2017 and is uptrending. It has outperformed by 35.18% the S&P500.

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.15, from 1.14 in 2017Q3. It improved, as 18 investors sold Cullen/Frost Bankers, Inc. shares while 94 reduced holdings. 51 funds opened positions while 93 raised stakes. 50.25 million shares or 0.55% less from 50.53 million shares in 2017Q3 were reported. Huntington Bank & Trust reported 0% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR). Deprince Race & Zollo holds 0.45% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR) for 215,722 shares. Timber Hill Lc accumulated 2,797 shares. Montrusco Bolton Invests accumulated 0.32% or 62,242 shares. First Manhattan Co owns 53,740 shares or 0.03% of their US portfolio. Massachusetts-based Howland Capital Management Lc has invested 0.48% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Moreover, Motco has 0% invested in Cullen/Frost Bankers, Inc. (NYSE:CFR) for 147 shares. Callahan Limited Liability Company has invested 0.58% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Dimensional Fund Advisors L P stated it has 0.02% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Champlain Invest Ptnrs Ltd Liability Co accumulated 0.96% or 895,935 shares. Sather Group Inc accumulated 5,500 shares or 0.13% of the stock. Sprucegrove Ltd holds 0.87% or 160,800 shares in its portfolio. Swift Run Cap Management Ltd Limited Liability Company invested in 0.72% or 12,364 shares. The New York-based Ny State Teachers Retirement has invested 0.02% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Bnp Paribas Arbitrage Sa has 42,806 shares for 0.01% of their portfolio.

More notable recent Cullen/Frost Bankers, Inc. (NYSE:CFR) news were published by: Streetinsider.com which released: “Oil boom sets European shares for best weekly streak since 2014” on May 18, 2018, also Streetinsider.com with their article: “European shares set to extend winning streak on oil surge, weak euro” published on May 18, 2018, Seekingalpha.com published: “Philip Morris International Is A Value Trap – Cramer’s Lightning Round (5/8/18)” on May 09, 2018. More interesting news about Cullen/Frost Bankers, Inc. (NYSE:CFR) were released by: Bizjournals.com and their article: “Frost Bank updates customers about cybersecurity breach” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Swiss watchmaker Richemont launches lower priced brand to lure millennials” with publication date: May 16, 2018.

Cullen/Frost Bankers, Inc. operates as the holding firm for Frost Bank that offers commercial and consumer banking services in Texas. The company has market cap of $7.62 billion. The firm operates in two divisions, Banking and Frost Wealth Advisors. It has a 21.7 P/E ratio. It provides commercial banking services to firms and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

Since December 13, 2017, it had 4 insider purchases, and 8 selling transactions for $5.07 million activity. 43,342 shares were bought by WESTON GRAHAM M, worth $4.99M. On Monday, January 29 the insider Alonzo Annette M sold $479,610. 3,000 shares were sold by ALEXANDER R DENNY, worth $322,500 on Monday, January 29. 9,360 shares were sold by Bracher Paul, worth $990,194. $664,930 worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) shares were sold by Wolfshohl Candace K. The insider Perotti William L sold $1.37 million. McKnight Gary C sold $2.55 million worth of stock.

Among 18 analysts covering CullenFrost (NYSE:CFR), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. CullenFrost had 81 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies maintained Cullen/Frost Bankers, Inc. (NYSE:CFR) on Friday, June 9 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Friday, September 15. Piper Jaffray maintained the stock with “Hold” rating in Friday, October 6 report. On Thursday, July 27 the stock rating was maintained by Maxim Group with “Buy”. On Thursday, July 27 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The company was downgraded on Wednesday, January 13 by Barclays Capital. The firm has “Hold” rating given on Thursday, June 9 by Evercore. The company was maintained on Monday, January 8 by Jefferies. The company was maintained on Monday, August 28 by Keefe Bruyette & Woods. The rating was initiated by Wedbush with “Neutral” on Friday, October 7.

Cibc Asset Management Inc decreased Glaxosmithkline Plc (NYSE:GSK) stake by 31,750 shares to 94,740 valued at $3.35 million in 2017Q4. It also reduced Automatic Data Processing In (NASDAQ:ADP) stake by 2,915 shares and now owns 57,972 shares. Akamai Technologies Inc (NASDAQ:AKAM) was reduced too.

Cullen/Frost Bankers, Inc. (NYSE:CFR) Institutional Positions Chart

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