Zacks Research Issues Optimistic Forecast for CFR Earnings

• Are Major U.S. Banks At Risk Of Credit-Ratings Downgrades?

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Research analysts at Zacks Research upped their Q2 2028 EPS estimates for shares of Cullen/Frost Bankers in a note issued to investors on Thursday, August 20th. Zacks Research analyst Team now forecasts that the bank will post earnings of $2.54 per share for the quarter, up from their previous forecast of $2.36. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $10.90 per share. Zacks Research also issued estimates for Cullen/Frost Bankers' FY2028 earnings at $11.29 EPS.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.The business had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. During the same period last year, the company posted $2.39 EPS.

• Time To Buy Regional Banks? Insider Buying Says Yes

A number of other equities analysts also recently commented on CFR. Cantor Fitzgerald raised their price objective on Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Keefe, Bruyette & Woods boosted their target price on Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Barclays increased their target price on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. Jefferies Financial Group upgraded shares of Cullen/Frost Bankers from an "underperform" rating to a "hold" rating and raised their price target for the company from $135.00 to $160.00 in a report on Monday, July 6th. Finally, Stephens lifted their price target on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $161.75.

Get Our Latest Stock Analysis on Cullen/Frost Bankers

Cullen/Frost Bankers Price Performance

• 2 Regional Banks to Buy Amid the Chaos

CFR stock opened at $164.07 on Monday. The stock has a 50-day moving average price of $159.63 and a two-hundred day moving average price of $146.70. Cullen/Frost Bankers has a 12-month low of $119.00 and a 12-month high of $170.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. The company has a market cap of $10.20 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.52 and a beta of 0.53.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of CFR. Concurrent Investment Advisors LLC lifted its holdings in Cullen/Frost Bankers by 863.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank's stock worth $2,716,000 after buying an additional 19,221 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Cullen/Frost Bankers by 3.7% during the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank's stock valued at $33,961,000 after acquiring an additional 9,612 shares in the last quarter. Verition Fund Management LLC grew its stake in shares of Cullen/Frost Bankers by 52.8% during the fourth quarter. Verition Fund Management LLC now owns 130,944 shares of the bank's stock valued at $16,581,000 after acquiring an additional 45,254 shares in the last quarter. Whittier Trust Co. increased its position in shares of Cullen/Frost Bankers by 10.6% during the first quarter. Whittier Trust Co. now owns 73,835 shares of the bank's stock worth $10,332,000 after acquiring an additional 7,061 shares during the last quarter. Finally, DB&C Advisors LLC purchased a new stake in shares of Cullen/Frost Bankers during the fourth quarter worth about $1,678,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the sale, the executive vice president owned 12,712 shares of the company's stock, valued at $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers's payout ratio is currently 38.94%.

Cullen/Frost Bankers News Summary

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Zacks raised its earnings outlook across several periods. The firm increased its FY2026 EPS estimate to $10.82 from $10.15 and its FY2027 forecast to $10.45 from $10.22. It also lifted estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027 and Q1 2028. These revisions indicate improving expectations for Cullen/Frost’s profitability. Zacks maintained a “Strong-Buy” rating. Zacks earnings estimate revisions
• Positive Sentiment: Cantor Fitzgerald expects CFR shares to rise. The analyst’s constructive view adds to the positive research sentiment surrounding the regional bank and may encourage investor interest. Cullen/Frost Bankers stock price expected to rise
• Neutral Sentiment: A value comparison with Prosperity Bancshares provides context but no clear new catalyst. Investors are evaluating whether CFR or Prosperity Bancshares offers the better value opportunity. CFR trades at roughly 15.5 times earnings, while its shares remain above their 50-day and 200-day moving averages, suggesting the stock may not be viewed as deeply discounted after its strong yearly performance. PB versus CFR value comparison
• Neutral Sentiment: One estimate was trimmed. Zacks lowered its Q4 2027 EPS forecast to $2.75 from $2.80, a modest negative adjustment that is outweighed by the broader set of upward revisions. Cullen/Frost Bankers estimate update

About Cullen/Frost Bankers

(Get Free Report)

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.

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