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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
112% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 33
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] → $6.21B (+$832M) [Q3]
9% more funds holding
Funds holding: 393 [Q2] → 430 (+37) [Q3]
3.98% more ownership
Funds ownership: 82.81% [Q2] → 86.79% (+3.98%) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 143
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$113
17%
downside
Avg. target
$128
6%
downside
High target
$145
6%
upside
7 analyst ratings
0 positive
0%
4 neutral
57%
3 negative
43%
Compass Point David Rochester 57% 1-year accuracy 13 / 23 met price target | 6%upside $145 | Neutral Maintained | 10 Dec 2024 |
Keefe, Bruyette & Woods Brady Gailey 91% 1-year accuracy 10 / 11 met price target | 2%upside $140 | Market Perform Maintained | 4 Dec 2024 |
Citigroup Ben Gerlinger 82% 1-year accuracy 14 / 17 met price target | 17%downside $113 | Sell Maintained | 4 Nov 2024 |
Stephens & Co. Matt Olney 88% 1-year accuracy 28 / 32 met price target | 0%downside $136 | Equal-Weight Maintained | 1 Nov 2024 |
RBC Capital Jon Arfstrom 85% 1-year accuracy 46 / 54 met price target | 5%downside $130 | Sector Perform Maintained | 1 Nov 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
My Portfolio's Biggest Winners And Losers From A Republican Sweep
The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT fundamentals by suppressing new construction starts due to higher interest rates. My portfolio saw significant movements post-election, with regional banks and energy stocks gaining, while renewables and healthcare REITs faced short-term declines.
Neutral
Zacks Investment Research
1 month ago
Cullen/Frost Q3 Earnings Surpass Estimates, Expenses Rise Y/Y
CFR's third-quarter 2024 results reflect increased non-interest income and NII. Higher expenses act as headwinds.
Neutral
Seeking Alpha
1 month ago
Cullen/Frost Bankers, Inc. (CFR) Q3 2024 Earnings Call Transcript
Cullen/Frost Bankers, Inc. (CFR) Q3 2024 Earnings Conference Call October 31, 2024 2:00 PM ET Company Participants A.B. Mendez - SVP, Director of IR Phil Green - Chairman and CEO Jerry Salinas - Group EVP, CFO Dan Geddes - Incoming CFO Conference Call Participants Peter Winter - D.A.
Neutral
Zacks Investment Research
1 month ago
Cullen/Frost (CFR) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Cullen/Frost (CFR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Cullen/Frost Bankers (CFR) Beats Q3 Earnings and Revenue Estimates
Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.38 per share a year ago.
Neutral
PRNewsWire
1 month ago
CULLEN/FROST REPORTS THIRD QUARTER RESULTS
Board declares fourth quarter dividend on common and preferred stock SAN ANTONIO , Oct. 31, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) today reported third quarter 2024 results. Net income available to common shareholders for the third quarter of 2024 was $144.8 million compared to $154.0 million for the third quarter of 2023.
Positive
Zacks Investment Research
2 months ago
Cullen/Frost Bankers (CFR) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Cullen/Frost (CFR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
2 months ago
Will Cullen/Frost (CFR) Beat Estimates Again in Its Next Earnings Report?
Cullen/Frost (CFR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Seeking Alpha
2 months ago
7 Dividend Stocks I'm Buying As The Recession Debate Rages
The ongoing debate on whether the economy will face a recession or achieve a soft landing continues, with mixed opinions from experts. Despite my longstanding recession prediction, the economic expansion has been extended due to delayed deployment of pandemic-era savings. Tariffs have not benefited American manufacturing, leading to higher input costs, disrupted supply chains, and a slump in manufacturing jobs and output.
Neutral
PRNewsWire
2 months ago
Cullen/Frost Bankers, Inc. Hosts Third Quarter 2024 Earnings Conference Call
SAN ANTONIO , Oct. 4, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, October 31, 2024 to discuss third quarter 2024 earnings. Earnings Release : The earnings release for Cullen/Frost Bankers, Inc. will be available at approximately 8:00 a.m.
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