Oak Harvest Investment Services Grows Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Oak Harvest Investment Services lifted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 29.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 37,060 shares of the bank’s stock after buying an additional 8,359 shares during the period. Oak Harvest Investment Services’ holdings in Cullen/Frost Bankers were worth $4,146,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Champlain Investment Partners LLC lifted its stake in shares of Cullen/Frost Bankers by 18.4% in the 1st quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock valued at $359,378,000 after purchasing an additional 495,215 shares during the period. Janus Henderson Group PLC lifted its position in 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 valued at $114,994,000 after buying an additional 161,580 shares during the period. Boston Trust Walden Corp bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at $107,166,000. Dimensional Fund Advisors LP grew its position in shares of Cullen/Frost Bankers by 14.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank’s stock worth $96,856,000 after buying an additional 120,333 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Cullen/Frost Bankers by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 648,922 shares of the bank’s stock worth $65,950,000 after acquiring an additional 2,420 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CFR. Wedbush lowered their price objective on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Truist Financial lowered their price objective on 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. Evercore ISI lowered their price objective on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 2nd. Citigroup dropped their price objective on Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a research note on Monday, September 30th. Finally, Royal Bank of Canada lifted their target price on Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average price target of $121.31.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $130.62 on Thursday. The business’s fifty day simple moving average is $114.52 and its two-hundred day simple moving average is $108.59. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 15.44, a PEG 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.

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.