Hussman Strategic Advisors Inc. Makes New $799,000 Investment in Cullen/Frost Bankers, Inc. $CFR

Hussman Strategic Advisors Inc. acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,300 shares of the bank’s stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CFR. Truist Financial Corp boosted its holdings in Cullen/Frost Bankers by 21.8% in the third quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock valued at $5,110,000 after acquiring an additional 7,217 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in shares of Cullen/Frost Bankers by 1.5% in the 3rd quarter. EFG Asset Management North America Corp. now owns 19,889 shares of the bank’s stock worth $2,522,000 after purchasing an additional 293 shares during the period. Riverwater Partners LLC lifted its stake in shares of Cullen/Frost Bankers by 4.0% in the 3rd quarter. Riverwater Partners LLC now owns 12,793 shares of the bank’s stock valued at $1,622,000 after purchasing an additional 487 shares in the last quarter. Callahan Advisors LLC grew its holdings in shares of Cullen/Frost Bankers by 1.9% during the 3rd quarter. Callahan Advisors LLC now owns 26,997 shares of the bank’s stock worth $3,422,000 after purchasing an additional 493 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in Cullen/Frost Bankers by 62.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock worth $4,910,000 after purchasing an additional 14,831 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays reduced their price target on shares of Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Citigroup lifted their target price on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a report on Friday, October 31st. Royal Bank Of Canada upped their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods raised Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $135.73.

Cullen/Frost Bankers Stock Down 0.3%

Shares of Cullen/Frost Bankers stock opened at $135.16 on Thursday. The business has a 50-day moving average of $130.59 and a 200-day moving average of $128.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $8.64 billion, a PE ratio of 13.91, a P/E/G ratio of 2.68 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $146.44.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, topping the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.The business had revenue of $567.27 million for the quarter, compared to analysts’ expectations of $565.54 million. During the same quarter in the previous year, the firm posted $2.24 earnings per share. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Insider Activity

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the completion of the transaction, the executive vice president directly owned 3,795 shares in the company, valued at approximately $481,965. This represents a 15.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.