Cullen/Frost Bankers (CFR) News Today

Cullen/Frost Bankers, Inc. (NYSE: CFR) is trading modestly lower as investors weigh a cautious analyst downgrade and recent insider selling against stronger earnings and favorable longer-term growth signals.

• Positive Sentiment: Zacks upgraded CFR to Rank #2 (Buy), citing improving optimism around the bank’s earnings outlook. Cullen/Frost Upgraded to Buy: Here’s Why
• Positive Sentiment: Cullen/Frost’s recent quarterly results provided support for the stock. Earnings of $2.84 per share exceeded the $2.80 consensus estimate and increased from $2.67 a year earlier, although revenue of $603.83 million fell slightly short of expectations. Management’s earnings call also highlighted continued business growth. Cullen/Frost Bankers Earnings Call Highlights Growth
• Positive Sentiment: The bank declared a quarterly dividend of $1.03, equivalent to $4.12 annually and a yield of approximately 2.6%. The payout ratio is about 38%, indicating continued dividend support for income-focused investors.
• Positive Sentiment: TD Cowen maintained a Buy view on Cullen/Frost, while Wall Street Zen also upgraded its rating. Cullen/Frost Bankers Receives a Buy from TD Cowen
• Neutral Sentiment: Evercore ISI reaffirmed its Hold rating. The broader analyst consensus remains Hold, with an average price target of $171.55 versus recent trading near $159.
• Negative Sentiment: Keefe, Bruyette & Woods downgraded CFR from Outperform to Market Perform and lowered its price target to $175 from $180, signaling more cautious expectations despite implied upside.
• Negative Sentiment: Two executives reported sales: EVP Bobby Berman sold 2,406 shares for about $378,000, reducing his position by 7.81%, while Chief Accounting Officer Matthew Bradley Henson sold 534 shares for approximately $85,000, cutting his holdings by 62.75%. Insider selling can weigh on near-term sentiment, although the transactions do not necessarily indicate deteriorating fundamentals.