Zacks Research Brokers Decrease Earnings Estimates for CFR

Key Points

• Analysts at Zacks Research have reduced their Q3 2026 EPS estimate for Cullen/Frost Bankers from $2.35 to $2.34 per share, while the consensus estimate for the full-year earnings stands at $8.85 per share.
• Cullen/Frost Bankers recently reported $2.39 EPS for its last quarter, exceeding analysts' expectations of $2.28, with a revenue of $567.83 million compared to the estimated $552.04 million.
• The bank declared a quarterly $1.00 dividend, resulting in an annualized dividend yield of 3.3%, and currently, 86.90% of its stock is held by institutional investors.

Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) - Equities research analysts at Zacks Research cut their Q3 2026 EPS estimates for Cullen/Frost Bankers in a note issued to investors on Wednesday, October 15th. Zacks Research analyst Team now expects that the bank will post earnings of $2.34 per share for the quarter, down from their prior estimate of $2.35. The consensus estimate for Cullen/Frost Bankers' current full-year earnings is $8.85 per share. Zacks Research also issued estimates for Cullen/Frost Bankers' Q4 2026 earnings at $2.45 EPS, FY2026 earnings at $9.45 EPS and Q3 2027 earnings at $2.38 EPS.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. The firm had revenue of $567.83 million during the quarter, compared to the consensus estimate of $552.04 million. During the same period in the previous year, the firm earned $2.21 earnings per share.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a "sector perform" rating in a research note on Friday, October 10th. TD Cowen upgraded shares of Cullen/Frost Bankers to a "strong-buy" rating in a research note on Thursday, September 25th. Evercore ISI boosted their price objective on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an "in-line" rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Cullen/Frost Bankers in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald began coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, September 10th. They set a "neutral" rating and a $138.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers currently has an average rating of "Hold" and an average price target of $137.62.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $120.66 on Friday. Cullen/Frost Bankers has a 1 year low of $100.31 and a 1 year high of $147.64. The firm has a 50 day moving average price of $127.11 and a 200 day moving average price of $125.91. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 3.08 and a beta of 0.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in shares of Cullen/Frost Bankers in the first quarter valued at $241,000. State of Alaska Department of Revenue raised its holdings in Cullen/Frost Bankers by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 7,524 shares of the bank's stock valued at $942,000 after acquiring an additional 210 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Cullen/Frost Bankers by 55.9% in the first quarter. Victory Capital Management Inc. now owns 18,084 shares of the bank's stock valued at $2,264,000 after acquiring an additional 6,484 shares in the last quarter. Norden Group LLC acquired a new stake in Cullen/Frost Bankers in the first quarter valued at $214,000. Finally, M.E. Allison & CO. Inc. raised its holdings in Cullen/Frost Bankers by 35.1% in the second quarter. M.E. Allison & CO. Inc. now owns 8,734 shares of the bank's stock valued at $1,123,000 after acquiring an additional 2,270 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $1.00 dividend. The ex-dividend date was Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.3%. Cullen/Frost Bankers's dividend payout ratio is 43.06%.

About Cullen/Frost Bankers

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.

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