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 Q2 SEC filings by fund managers ($100M+ AUM)
1.5% more ownership
Funds ownership: 80.27% [Q1] → 81.77% (+1.5%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
2% less funds holding
Funds holding: 401 [Q1] → 393 (-8) [Q2]
8% less capital invested
Capital invested by funds: $5.8B [Q1] → $5.31B (-$488M) [Q2]
16% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 49
23% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 165
25% less call options, than puts
Call options by funds: $31.9M | Put options by funds: $42.4M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Evercore ISI Group John Pancari 77% 1-year accuracy 17 / 22 met price target | 7%downside $115 | Underperform Maintained | 2 Oct 2024 |
Citigroup Ben Gerlinger 79% 1-year accuracy 19 / 24 met price target | 16%downside $104 | Sell Maintained | 30 Sept 2024 |
Morgan Stanley Manan Gosalia 79% 1-year accuracy 11 / 14 met price target | 6%downside $117 | Underweight Maintained | 30 Sept 2024 |
Wedbush David Chiaverini 71% 1-year accuracy 40 / 56 met price target | 1%downside $123 | Neutral Maintained | 24 Sept 2024 |
Truist Securities Brandon King 98% 1-year accuracy 50 / 51 met price target | 1%downside $123 | Hold Maintained | 20 Sept 2024 |
Financial journalist opinion
Based on 6 articles about CFR published over the past 30 days