Cullen/Frost Bankers (NYSE:CFR) Stock Bumped Up to Hold by Wall Street Zen

Cullen/Frost Bankers (NYSE:CFR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also issued reports on the stock. Morgan Stanley raised their target price on shares of Cullen/Frost Bankers from $200.00 to $201.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. Keefe, Bruyette & Woods lifted their price target on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Barclays lifted their price target on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Tuesday, October 13th. Finally, DA Davidson raised their price target on shares of Cullen/Frost Bankers from $164.00 to $168.00 and gave the stock a “neutral” rating in a research report on Friday. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $171.55.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $157.46 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $157.79 and its 200-day simple moving average is $148.83. Cullen/Frost Bankers has a 1-year low of $119.14 and a 1-year high of $170.80. The company has a market cap of $9.79 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.04. The company had revenue of $603.83 million during the quarter, compared to analysts’ expectations of $610.19 million. Cullen/Frost Bankers had a return on equity of 15.72% and a net margin of 29.73%. During the same quarter last year, the firm earned $2.67 earnings per share. As a group, equities research analysts anticipate that Cullen/Frost Bankers will post 10.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Cullen/Frost Bankers

Several large investors have recently made changes to their positions in CFR. BlackRock Inc. acquired a new position in Cullen/Frost Bankers in the 2nd quarter valued at approximately $1,133,453,000. State Street Corp increased 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 purchasing an additional 118,313 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Cullen/Frost Bankers by 22.6% in the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after buying an additional 511,784 shares during the period. Dimensional Fund Advisors LP boosted 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 stake in Cullen/Frost Bankers by 11.8% in the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers News Summary

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.