Zacks Research Has Positive Forecast for CFR Q3 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Zacks Research upped their Q3 2026 EPS estimates for Cullen/Frost Bankers in a research report issued on Thursday, August 20th. Zacks Research analyst Team now anticipates that the bank will post earnings of $2.70 per share for the quarter, up from their prior estimate of $2.51. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.80 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q4 2026 earnings at $2.77 EPS, FY2026 earnings at $10.82 EPS, Q1 2027 earnings at $2.60 EPS, Q2 2027 earnings at $2.41 EPS, Q3 2027 earnings at $2.69 EPS, Q4 2027 earnings at $2.75 EPS, FY2027 earnings at $10.45 EPS and Q1 2028 earnings at $2.67 EPS.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.15. The company had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same period last year, the business posted $2.39 earnings per share.

Other analysts also recently issued research reports about the company. Barclays raised their price objective on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Stephens increased their price target on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. DA Davidson raised their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Royal Bank Of Canada raised their price target on Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $161.75.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $165.06 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 12-month low of $119.00 and a 12-month high of $170.80. The firm has a fifty day moving average of $159.31 and a 200-day moving average of $146.52. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 2.55 and a beta of 0.53.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of hedge funds and other institutional investors have recently bought and sold shares of CFR. Symphony Financial Ltd. Co. raised its holdings in Cullen/Frost Bankers by 2.2% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 3,482 shares of the bank’s stock valued at $539,000 after acquiring an additional 75 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Cullen/Frost Bankers by 2.9% during the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after acquiring an additional 94 shares during the period. Cardinal Capital Management boosted its holdings in shares of Cullen/Frost Bankers by 0.5% during the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after acquiring an additional 98 shares during the period. Evolve Private Wealth LLC grew its position in shares of Cullen/Frost Bankers by 6.0% in the first quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock valued at $237,000 after purchasing an additional 98 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares in the company, valued at $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.14% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 38.94%.

More Cullen/Frost Bankers News

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

• Positive Sentiment: Zacks Research raised multiple earnings forecasts and reiterated a “Strong-Buy” rating. Its Q3 and Q4 2026 EPS estimates increased to $2.70 and $2.77, respectively, lifting its FY2026 forecast to $10.82 from $10.15. Zacks also raised FY2027 EPS to $10.45 from $10.22, Q1 2027 EPS to $2.60 from $2.48, Q2 2027 EPS to $2.41 from $2.27, Q3 2027 EPS to $2.69 from $2.66, and Q1 2028 EPS to $2.67 from $2.65. The upgrades suggest improving expectations for Cullen/Frost’s earnings trajectory. Cullen/Frost Bankers analyst estimates
• Positive Sentiment: Cantor Fitzgerald raised its price target to $175 from $158. Although the firm maintained a neutral rating, the new target implies additional upside from recent trading levels and may reinforce investor confidence. Cantor Fitzgerald raises Cullen/Frost price target
• Neutral Sentiment: A review of regional-bank performance compared Cullen/Frost with its peers following the second quarter. The article may help frame CFR’s relative performance, but the provided report contains no specific new company guidance or estimate change. Regional banks Q2 review
• Negative Sentiment: Zacks trimmed its Q4 2027 EPS estimate to $2.75 from $2.80, a modest offset to the broader set of upward revisions. Its FY2027 forecast of $10.45 remains below the current-year consensus estimate of $10.80, indicating some longer-term earnings moderation.

Cullen/Frost Bankers Company Profile

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.