7,335,319 Shares in Cullen/Frost Bankers, Inc. $CFR Acquired by BlackRock Inc.

BlackRock Inc. bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,335,319 shares of the bank's stock, valued at approximately $1,133,453,000. BlackRock Inc. owned about 11.80% of Cullen/Frost Bankers at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CFR. M&T Bank Corp lifted its holdings in shares of Cullen/Frost Bankers by 13.5% during the fourth quarter. M&T Bank Corp now owns 109,154 shares of the bank's stock worth $13,822,000 after purchasing an additional 12,990 shares during the period. Concurrent Investment Advisors LLC increased 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 during the period. ProShare Advisors LLC raised its position in Cullen/Frost Bankers by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 268,194 shares of the bank's stock worth $33,961,000 after buying an additional 9,612 shares during the last quarter. Verition Fund Management LLC raised its position in Cullen/Frost Bankers by 52.8% during the 4th quarter. Verition Fund Management LLC now owns 130,944 shares of the bank's stock worth $16,581,000 after buying an additional 45,254 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in Cullen/Frost Bankers by 10.6% during the 1st quarter. Whittier Trust Co. now owns 73,835 shares of the bank's stock valued at $10,332,000 after acquiring an additional 7,061 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Down 0.4%

NYSE CFR opened at $164.07 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $170.80. The business's fifty day simple moving average is $159.63 and its 200-day simple moving average is $146.64. The firm has a market cap of $10.20 billion, a PE ratio of 15.51, a P/E/G ratio of 2.53 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.15. The company had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same period in the previous year, the business posted $2.39 EPS. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.9 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

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

More Cullen/Frost Bankers News

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

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Carol Jean Severyn sold 837 shares of the firm's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the sale, the executive vice president directly owned 12,712 shares of the company's stock, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CFR shares. Citigroup lifted their price target on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a "sell" rating in a research report on Tuesday, June 30th. TD Cowen increased their price target on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Weiss Ratings restated a "buy (b)" rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. DA Davidson upped their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a "neutral" rating in a report on Monday, May 4th. Finally, Stephens increased their price target on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock 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 assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of "Hold" and an average target price of $161.75.

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.

Want to see what other hedge funds are holding CFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report).

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