Zacks Research Has Bullish Estimate for CFR Q3 Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Cullen/Frost Bankers to $2.74, up from $2.70, while maintaining a “Hold” rating. The consensus full-year earnings estimate is $10.91 per share.
• Analyst sentiment remains mixed but generally neutral: CFR has an average “Hold” rating and a consensus price target of $161.75, despite several firms recently raising their targets.
• CFR recently beat quarterly EPS expectations, reporting $2.70 versus the $2.55 consensus, and announced a quarterly dividend of $1.03 per share, representing a 2.5% yield.

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Stock analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Cullen/Frost Bankers in a research note issued on Friday, September 4th. Zacks Research analyst Team now expects that the bank will post earnings per share of $2.74 for the quarter, up from their previous forecast of $2.70. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $10.91 per share. Zacks Research also issued estimates for Cullen/Frost Bankers' Q1 2027 earnings at $2.63 EPS, Q3 2027 earnings at $2.73 EPS, Q4 2027 earnings at $2.68 EPS, Q1 2028 earnings at $2.71 EPS, Q2 2028 earnings at $2.55 EPS and FY2028 earnings at $11.33 EPS.

Several other research firms have also recently weighed in on CFR. Morgan Stanley raised their target price on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an "underweight" rating in a research note on Monday, June 29th. Cantor Fitzgerald increased their price objective on Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. Raymond James Financial reiterated a "market perform" rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. Royal Bank Of Canada upped their price objective on shares of Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Finally, Barclays lifted their price target on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $161.75.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $162.89 on Monday. The firm has a fifty day simple moving average of $162.31 and a 200 day simple moving average of $147.94. 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 stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.49 and a beta of 0.52.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $589.72 million. During the same period last year, the company earned $2.39 earnings per share.

Cullen/Frost Bankers Dividend Announcement

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

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Severyn sold 837 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the transaction, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several large investors have recently added to or reduced their stakes in CFR. Advisory Services Network LLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at $28,000. Covestor Ltd raised its holdings in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank's stock worth $31,000 after acquiring an additional 100 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Cullen/Frost Bankers in the second quarter valued at approximately $37,000. Global Retirement Partners LLC bought a new position in Cullen/Frost Bankers during the 2nd quarter valued at $38,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Cullen/Frost Bankers during the first quarter valued at about $41,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Company 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.

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