Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by Oak Harvest Investment Services

Oak Harvest Investment Services increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 29.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,060 shares of the bank's stock after acquiring an additional 8,359 shares during the quarter. Oak Harvest Investment Services owned approximately 0.06% of Cullen/Frost Bankers worth $4,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFR. Boston Trust Walden Corp purchased a new stake in Cullen/Frost Bankers in the 3rd quarter worth $107,166,000. Champlain Investment Partners LLC grew its holdings in shares of Cullen/Frost Bankers by 18.4% during the first quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank's stock worth $359,378,000 after buying an additional 495,215 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Cullen/Frost Bankers during the second quarter worth $37,813,000. Strategic Financial Concepts LLC grew its holdings in shares of Cullen/Frost Bankers by 7,109.7% during the second quarter. Strategic Financial Concepts LLC now owns 250,896 shares of the bank's stock worth $255,000 after buying an additional 247,416 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Cullen/Frost Bankers by 18.8% during the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank's stock worth $114,994,000 after buying an additional 161,580 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Analysts Set New Price Targets

CFR has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Maxim Group upped their target price on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Truist Financial lowered 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 report on Friday, September 20th. Morgan Stanley lowered their price target on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an "underweight" rating on the stock in a research report on Monday, September 30th. Finally, DA Davidson boosted their price target on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus target price of $121.31.

Cullen/Frost Bankers Trading Down 2.4 %

NYSE CFR traded down $3.17 during trading hours on Thursday, reaching $127.30. The company had a trading volume of 1,147,601 shares, compared to its average volume of 450,685. The stock has a 50-day moving average of $114.96 and a 200 day moving average of $108.74. The stock has a market capitalization of $8.18 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a 1-year low of $88.86 and a 1-year high of $135.00. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06.

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.