Zacks Research Has Pessimistic Outlook of CFR Q2 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Equities researchers at Zacks Research dropped their Q2 2026 EPS estimates for shares of Cullen/Frost Bankers in a research note issued on Monday, June 9th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $2.48 for the quarter, down from their prior estimate of $2.54. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.85 per share.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. The business had revenue of $560.42 million for the quarter, compared to analyst estimates of $540.57 million. During the same period last year, the business posted $2.15 EPS.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price target for the company. Stephens raised their price objective on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley dropped their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada dropped their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Finally, Barclays boosted their target price on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of "Hold" and an average price target of $131.93.

Cullen/Frost Bankers Stock Performance

NYSE:CFR traded down $2.78 during midday trading on Thursday, reaching $123.79. The stock had a trading volume of 283,387 shares, compared to its average volume of 462,440. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers has a 1-year low of $94.09 and a 1-year high of $147.64. The firm's fifty day simple moving average is $121.98 and its 200-day simple moving average is $129.82. The stock has a market capitalization of $7.96 billion, a P/E ratio of 13.96, a PEG ratio of 6.46 and a beta of 0.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alpine Bank Wealth Management acquired a new position in shares of Cullen/Frost Bankers in the first quarter valued at approximately $30,000. eCIO Inc. bought a new position in Cullen/Frost Bankers in the first quarter valued at $36,000. Blue Trust Inc. grew its position in Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after purchasing an additional 239 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank's stock valued at $46,000 after purchasing an additional 106 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Cullen/Frost Bankers by 59.6% in the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Activity at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the acquisition, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at $93,876.85. This represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a yield of 3.23%. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's payout ratio is currently 43.91%.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.