Cullen/Frost Bankers, Inc. $CFR Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Raises Position

Key Points

• Virginia Retirement Systems increased its Cullen/Frost Bankers stake by 396.6% in the third quarter, ending with 29,050 shares valued at approximately $4.4 million. Institutional investors collectively own 86.9% of CFR.
• Third-quarter earnings beat expectations: EPS rose to $2.84 from $2.67 a year earlier and exceeded the $2.80 consensus, although revenue of $603.8 million fell short of estimates and expenses increased.
• Analyst sentiment remains neutral. CFR has a consensus “Hold” rating and a $171.55 price target, while the company maintained its $1.03 quarterly dividend, equivalent to a 2.6% yield.

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 396.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,050 shares of the bank's stock after purchasing an additional 23,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Cullen/Frost Bankers were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in CFR. GK Wealth Management LLC purchased a new position in Cullen/Frost Bankers in the third quarter valued at approximately $32,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Cullen/Frost Bankers in the second quarter worth $37,000. Global Retirement Partners LLC acquired a new stake in shares of Cullen/Frost Bankers in the second quarter worth $38,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Cullen/Frost Bankers in the 1st quarter valued at $41,000. Finally, Root Financial Partners LLC lifted its holdings in shares of Cullen/Frost Bankers by 90.0% during the 1st quarter. Root Financial Partners LLC now owns 435 shares of the bank's stock valued at $60,000 after acquiring an additional 206 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

More Cullen/Frost Bankers News

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.

Analyst Ratings Changes

A number of analysts have recently issued reports on CFR shares. Cantor Fitzgerald dropped their price objective on shares of Cullen/Frost Bankers from $175.00 to $167.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 14th. Barclays raised their price target on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday, October 5th. Zacks Research downgraded shares of Cullen/Frost Bankers from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 3rd. TD Cowen decreased their price objective on shares of 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, Wall Street Zen raised Cullen/Frost Bankers from a "sell" rating to a "hold" rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cullen/Frost Bankers has a consensus rating of "Hold" and a consensus price target of $171.55.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $157.46 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $9.79 billion, a PE ratio of 14.65, a P/E/G ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers, Inc. has a 1-year low of $119.14 and a 1-year high of $170.80. The business's fifty day moving average price is $157.79 and its two-hundred day moving average price is $148.83.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.04. The company had revenue of $603.83 million during the quarter, compared to the consensus estimate of $610.19 million. Cullen/Frost Bankers had a net margin of 23.37% and a return on equity of 16.27%. During the same quarter in the previous year, the company posted $2.67 earnings per share. On average, research analysts expect that Cullen/Frost Bankers, Inc. will post 10.97 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 30th. Cullen/Frost Bankers's payout ratio is presently 38.33%.

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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