Added to YB: 2023-04-02
Pitch date: 2023-04-02
CFR [bullish]
Cullen/Frost Bankers, Inc.
+60.75%
current return
Author Info
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Company Info
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.
Market Cap
$10.4B
Pitch Price
$94.29
Price Target
N/A
Dividend
2.46%
EV/EBITDA
N/A
P/E
15.82
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Cullen/Frost Bankers (CFR)
CFR (added to position): TX relationship bank, 100-bagger since 1990. Added at $105 (vs $60 cost basis). Ultra-conservative: lends only 1/3 of deposits, peak loan losses just 0.7% in 2010. TX GDP/loan growth tailwind. CEO bought $1M+ in selloff. 10x earnings vs 15x+ typical premium.
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