Fiera Capital Corp Invests $29.77 Million in Cullen/Frost Bankers, Inc. $CFR

Fiera Capital Corp purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 234,824 shares of the bank’s stock, valued at approximately $29,769,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Cullen/Frost Bankers during the second quarter worth $90,484,000. Impax Asset Management Group plc increased its position in shares of Cullen/Frost Bankers by 58.7% during the second quarter. Impax Asset Management Group plc now owns 822,878 shares of the bank’s stock worth $104,861,000 after acquiring an additional 304,491 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Cullen/Frost Bankers by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after acquiring an additional 230,993 shares during the last quarter. First National Bank of Omaha bought a new position in Cullen/Frost Bankers in the 3rd quarter valued at about $12,956,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Cullen/Frost Bankers by 3,892.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock valued at $12,901,000 after acquiring an additional 97,854 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.5%

Shares of Cullen/Frost Bankers stock opened at $145.54 on Friday. The firm has a market cap of $9.20 billion, a PE ratio of 14.67, a P/E/G ratio of 5.32 and a beta of 0.65. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $148.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a fifty day moving average price of $136.70 and a 200-day moving average price of $129.56.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The company had revenue of $562.58 million for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same period in the previous year, the firm earned $2.36 EPS. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s payout ratio is 40.32%.

Wall Street Analyst Weigh In

CFR has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Royal Bank Of Canada upped their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Loop Capital set a $160.00 price objective on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.92.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the transaction, the executive vice president directly owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the completion of the sale, the executive vice president directly owned 3,795 shares of the company’s stock, valued at $481,965. This represents a 15.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,700 shares of company stock worth $225,970. 2.89% of the stock is owned by company insiders.

Key Cullen/Frost Bankers News

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Zacks lifted its FY2026 estimate to $9.83 (from $9.68), raised FY2027 to $10.16 (from $9.72) and set FY2028 at $11.09 — sizable multi-year upward revisions that can support a higher valuation for CFR. Zacks estimate updates
• Positive Sentiment: Zacks also bumped several quarterly EPS forecasts across 2026–2027 (examples: Q1–Q4 2026 raised to ~$2.38–$2.59 range; Q2–Q4 2027 and Q3 2027 notably higher). These recurring quarter upgrades suggest the firm expects continued earnings momentum. Zacks quarterly detail
• Neutral Sentiment: Consensus and valuation context: consensus full‑year EPS on some services still sits near $8.85, so Zacks is noticeably more bullish; CFR trades at a mid‑teens P/E (~14.7) with a low debt/equity profile, meaning earnings upgrades can be meaningful for price if validated. Company snapshot
• Negative Sentiment: Recall the last quarter: CFR beat EPS estimates but reported revenue slightly below expectations — a reminder that top‑line growth and margin drivers still matter; future beats will be needed to sustain multiple expansion. Recent earnings

About Cullen/Frost Bankers

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.