Pathway Financial Advisers LLC Acquires 22,227 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Pathway Financial Advisers LLC raised its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 11,169.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,426 shares of the bank's stock after purchasing an additional 22,227 shares during the quarter. Pathway Financial Advisers LLC's holdings in Cullen/Frost Bankers were worth $2,509,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Keene & Associates Inc. lifted its holdings in Cullen/Frost Bankers by 1.7% during the 3rd quarter. Keene & Associates Inc. now owns 5,240 shares of the bank's stock worth $586,000 after purchasing an additional 89 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Cullen/Frost Bankers by 7.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,473 shares of the bank's stock valued at $150,000 after purchasing an additional 97 shares during the last quarter. First National Bank of Hutchinson grew its position in Cullen/Frost Bankers by 1.6% during the 1st quarter. First National Bank of Hutchinson now owns 6,336 shares of the bank's stock worth $713,000 after acquiring an additional 102 shares during the last quarter. Asset Dedication LLC grew its position in Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after acquiring an additional 105 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Cullen/Frost Bankers by 18.5% during the 3rd quarter. GAMMA Investing LLC now owns 678 shares of the bank's stock worth $76,000 after acquiring an additional 106 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CFR shares. Maxim Group lifted their target price on Cullen/Frost Bankers from $132.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Citigroup decreased their price objective on Cullen/Frost Bankers from $107.00 to $104.00 and set a "sell" rating for the company in a report on Monday, September 30th. Royal Bank of Canada boosted their price objective on Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Truist Financial decreased their price objective on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating for the company in a report on Friday, September 20th. Finally, DA Davidson boosted their target price on Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $121.31.

Cullen/Frost Bankers Price Performance

Shares of CFR traded up $0.83 during mid-day trading on Wednesday, hitting $130.62. 839,829 shares of the stock were exchanged, compared to its average volume of 447,367. The company has a market cap of $8.39 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a 52-week low of $88.86 and a 52-week high of $133.03. The firm has a 50-day moving average of $114.52 and a two-hundred day moving average of $108.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64.

Cullen/Frost Bankers Company 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.