Zacks Research Has Optimistic Opinion of CFR Q3 Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for Cullen/Frost Bankers to $2.76 from $2.74, while maintaining a “Hold” rating. Full-year 2026 consensus EPS is $10.94.
• Analyst sentiment remains mixed but leans neutral: five analysts rate the stock a Buy, seven a Hold and one a Sell, with a consensus price target of $169.36.
• Cullen/Frost shares opened at $158.67, up 1%, while institutional investors own 86.9% of the stock. The bank pays a quarterly dividend of $1.03, equivalent to a 2.6% annual yield.

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Analysts at Zacks Research boosted their Q3 2026 EPS estimates for Cullen/Frost Bankers in a research note issued to investors on Monday, October 26th. Zacks Research analyst Team now anticipates that the bank will earn $2.76 per share for the quarter, up from their previous forecast of $2.74. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $10.94 per share. Zacks Research also issued estimates for Cullen/Frost Bankers' Q1 2027 earnings at $2.64 EPS, Q2 2027 earnings at $2.42 EPS, Q3 2027 earnings at $2.76 EPS, FY2027 earnings at $10.52 EPS, Q1 2028 earnings at $2.73 EPS, Q2 2028 earnings at $2.56 EPS, Q3 2028 earnings at $3.08 EPS and FY2028 earnings at $11.43 EPS.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley upped their target price on Cullen/Frost Bankers from $200.00 to $201.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. Stephens raised their target price on Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an "overweight" rating in a report on Friday, July 31st. TD Cowen reduced their price target on Cullen/Frost Bankers from $185.00 to $178.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Cantor Fitzgerald decreased their price target on Cullen/Frost Bankers from $175.00 to $167.00 and set a "neutral" rating for the company in a report on Wednesday, October 14th. Finally, Raymond James Financial restated a "market perform" rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $169.36.

Cullen/Frost Bankers Trading Up 1.0%

NYSE:CFR opened at $158.67 on Tuesday. The business's 50-day moving average is $158.49 and its two-hundred day moving average is $148.39. 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 has a 12 month low of $119.14 and a 12 month high of $170.80. The firm has a market capitalization of $9.86 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.56.

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

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Cullen/Frost Bankers in the 2nd quarter valued at about $1,133,453,000. State Street Corp grew its stake in Cullen/Frost Bankers by 3.8% in the second quarter. State Street Corp now owns 3,218,249 shares of the bank's stock worth $497,292,000 after purchasing an additional 118,313 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Cullen/Frost Bankers by 22.6% in the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank's stock worth $429,204,000 after purchasing an additional 511,784 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cullen/Frost Bankers by 18.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank's stock valued at $209,833,000 after buying an additional 236,808 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Cullen/Frost Bankers by 11.8% in the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank's stock valued at $165,966,000 after buying an additional 127,483 shares during the last quarter. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $1.03 per share. The ex-dividend date was Monday, August 31st. This represents a $4.12 annualized dividend and a yield of 2.6%. Cullen/Frost Bankers's payout ratio is currently 38.94%.

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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