Cullen/Frost Bankers (NYSE:CFR) Price Target Raised to $168.00

Cullen/Frost Bankers (NYSE:CFR) had its target price upped by DA Davidson from $164.00 to $168.00 in a research note issued to investors on Friday morning,Benzinga reports. DA Davidson currently has a neutral rating on the bank’s stock.

Several other research analysts also recently weighed in on CFR. Zacks Research downgraded shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Barclays increased their target price on Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Monday, October 5th. Keefe, Bruyette & Woods boosted their price objective on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and increased their target price for the stock from $135.00 to $160.00 in a research report on Monday, July 6th. Finally, Cantor Fitzgerald dropped their price target on Cullen/Frost Bankers from $175.00 to $167.00 and set a “neutral” rating for the company in a research note on Wednesday, October 14th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers presently 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 Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers has a twelve month low of $119.14 and a twelve month high of $170.80. The company has a 50 day moving average of $157.79 and a 200 day moving average of $148.83. The firm has a market cap of $9.79 billion, a P/E ratio of 14.65, a PEG ratio of 1.83 and a beta of 0.56.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 period last year, the company posted $2.67 earnings per share. As a group, research analysts expect that Cullen/Frost Bankers will post 10.97 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, November 30th. This represents a $4.12 annualized dividend and a yield of 2.6%. Cullen/Frost Bankers’s dividend payout ratio is 38.33%.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Cullen/Frost Bankers during the 2nd quarter worth approximately $1,133,453,000. State Street Corp boosted its holdings in Cullen/Frost Bankers by 3.8% in the second quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock valued at $497,292,000 after acquiring an additional 118,313 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Cullen/Frost Bankers by 22.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after acquiring an additional 511,784 shares during the period. Dimensional Fund Advisors LP grew its position in Cullen/Frost Bankers by 18.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after acquiring an additional 236,808 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Cullen/Frost Bankers by 11.8% during the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock worth $165,966,000 after buying an additional 127,483 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Key Headlines Impacting Cullen/Frost Bankers

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.

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.