Cullen/Frost Bankers (NYSE:CFR) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Cullen/Frost Bankers from “Sell” to “Hold.” The broader analyst consensus is also “Hold,” with five Buy, seven Hold and one Sell rating, and an average price target of $171.55.
• CFR shares opened at $157.46, near their 50-day moving average and below the consensus target. The stock has traded between $119.14 and $170.80 over the past year.
• Quarterly earnings slightly exceeded expectations: EPS was $2.84 versus the $2.80 consensus, while revenue of $603.83 million fell short of estimates of $610.19 million.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on CFR. Morgan Stanley lifted their price target on shares of Cullen/Frost Bankers from $200.00 to $201.00 and gave the company an "overweight" rating in a report on Monday, September 28th. Zacks Research downgraded Cullen/Frost Bankers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 3rd. DA Davidson upped their price objective on Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a "neutral" rating in a research note on Friday. TD Cowen cut their target price on Cullen/Frost Bankers from $185.00 to $178.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Finally, Barclays lifted their target price on Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an "equal weight" rating in a research note on Monday, October 5th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $171.55.

Cullen/Frost Bankers Trading Down 0.2%

NYSE:CFR opened at $157.46 on Friday. Cullen/Frost Bankers has a one year low of $119.14 and a one year high of $170.80. The business has a fifty day moving average price of $157.79 and a 200-day moving average price of $148.83. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The bank reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 15.72% and a net margin of 29.73%. The business had revenue of $603.83 million during the quarter, compared to analysts' expectations of $610.19 million. During the same quarter in the prior year, the business posted $2.67 earnings per share. Sell-side analysts forecast that Cullen/Frost Bankers will post 10.94 EPS for the current year.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several large investors have recently added to or reduced their stakes in CFR. BlackRock Inc. bought a new stake in shares of Cullen/Frost Bankers during the second quarter worth about $1,133,453,000. Jupiter Topco LLC purchased a new stake in Cullen/Frost Bankers in the second quarter worth $94,297,000. William Blair Investment Management LLC purchased a new position in shares of Cullen/Frost Bankers during the second quarter valued at approximately $89,425,000. The Manufacturers Life Insurance Company purchased a new position in shares of Cullen/Frost Bankers in the 2nd quarter worth about $80,127,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Cullen/Frost Bankers in the second quarter worth $79,846,000. 86.90% of the stock is owned by institutional investors.

Trending Headlines about Cullen/Frost Bankers

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

• Positive Sentiment: Third-quarter earnings exceeded expectations. CFR reported diluted EPS of $2.84, up from $2.67 a year earlier and above the $2.80 consensus estimate. Average loans increased 9.0% year over year to $23.4 billion, while non-interest income rose 8.2% to $136 million. Cullen/Frost Reports Third Quarter Results
• Positive Sentiment: Management raised its 2026 growth outlook. Stronger loan demand, improving margins and higher fee income are driving the more optimistic forecast, suggesting continued operating momentum. Cullen-Frost Raises 2026 Guidance
• Positive Sentiment: DA Davidson raised its price target from $164 to $168, implying additional upside, although it maintained a neutral rating. DA Davidson Analyst Ratings
• Positive Sentiment: The quarterly dividend remains supportive. CFR declared a $1.03-per-share dividend, or $4.12 annualized, representing a yield of approximately 2.6% based on the reported share price.
• Neutral Sentiment: CFR will transfer its primary listings to the Texas Stock Exchange on November 12, 2026. The company’s CFR and CFR.PrB ticker symbols will remain unchanged, so the move is unlikely to alter its underlying fundamentals. Cullen/Frost Listing Transfer
• Negative Sentiment: Revenue was below expectations and costs increased. Quarterly revenue of $603.8 million trailed the $610.2 million consensus estimate, while non-interest expense rose 7.0% year over year. Rising costs could challenge the sustainability of the improved growth outlook.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.

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