Cullen/Frost Bankers
About: Cullen/Frost is a regional us bank with around $50 billion in assets (as of 2023 year-end), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based approach to banking that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through branch openings. The bank's sweet spot is small to medium-size Texas-based commercial clients.
Employees: 5,495
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
94% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 35
54% more call options, than puts
Call options by funds: $24M | Put options by funds: $15.6M
15% more capital invested
Capital invested by funds: $5.38B [Q2] → $6.19B (+$809M) [Q3]
8% more funds holding
Funds holding: 393 [Q2] → 426 (+33) [Q3]
3.66% more ownership
Funds ownership: 82.81% [Q2] → 86.47% (+3.66%) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 142
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Compass Point David Rochester 100% 1-year accuracy 8 / 8 met price target | 14%downside $122 | Neutral Maintained | 5 Nov 2024 |
Citigroup Ben Gerlinger 86% 1-year accuracy 24 / 28 met price target | 21%downside $113 | Sell Maintained | 4 Nov 2024 |
Stephens & Co. Matt Olney 97% 1-year accuracy 31 / 32 met price target | 4%downside $136 | Equal-Weight Maintained | 1 Nov 2024 |
RBC Capital Jon Arfstrom 96% 1-year accuracy 50 / 52 met price target | 9%downside $130 | Sector Perform Maintained | 1 Nov 2024 |
Evercore ISI Group John Pancari 89% 1-year accuracy 32 / 36 met price target | 19%downside $115 | Underperform Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 6 articles about CFR published over the past 30 days