2,087 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Purchased by Ballentine Partners LLC

Ballentine Partners LLC purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,087 shares of the bank’s stock, valued at approximately $233,000.

Several other large investors have also recently added to or reduced their stakes in the company. Keene & Associates Inc. grew its stake in Cullen/Frost Bankers by 1.7% during the third quarter. Keene & Associates Inc. now owns 5,240 shares of the bank’s stock worth $586,000 after buying an additional 89 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Cullen/Frost Bankers by 7.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,473 shares of the bank’s stock worth $150,000 after buying an additional 97 shares during the last quarter. First National Bank of Hutchinson grew its stake in Cullen/Frost Bankers by 1.6% during the first quarter. First National Bank of Hutchinson now owns 6,336 shares of the bank’s stock worth $713,000 after buying an additional 102 shares during the last quarter. Asset Dedication LLC grew its stake in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Cullen/Frost Bankers by 18.5% during the third quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock worth $76,000 after buying an additional 106 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Trading Down 2.0 %

CFR opened at $129.76 on Wednesday. The firm’s fifty day moving average is $114.08 and its two-hundred day moving average is $108.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $8.34 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a twelve month low of $88.86 and a twelve month high of $133.03.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Truist Financial decreased their price target on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Wedbush decreased their price target on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Stephens increased their price target on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Evercore ISI decreased their price target on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $121.31.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.