Zacks Research Has Bullish Outlook for CFR FY2026 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Equities researchers at Zacks Research upped their FY2026 earnings per share estimates for Cullen/Frost Bankers in a report released on Thursday, May 21st. Zacks Research analyst Team now forecasts that the bank will post earnings of $10.15 per share for the year, up from their previous estimate of $9.83. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.41 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q4 2026 earnings at $2.55 EPS, Q2 2027 earnings at $2.27 EPS and Q4 2027 earnings at $2.80 EPS.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. The business had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.29 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period in the previous year, the firm posted $2.30 earnings per share.

Several other brokerages also recently issued reports on CFR. Keefe, Bruyette & Woods boosted their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. DA Davidson boosted their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Stephens raised Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 target price on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Finally, Barclays boosted their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $148.73.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $139.50 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $138.79 and a 200-day simple moving average of $135.29. The company has a market cap of $8.76 billion, a PE ratio of 13.58, a P/E/G ratio of 3.55 and a beta of 0.58. Cullen/Frost Bankers has a 12-month low of $119.00 and a 12-month high of $148.97.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.0%. Cullen/Frost Bankers’s dividend payout ratio is presently 40.12%.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFR. Norges Bank bought a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at $92,904,000. Two Sigma Investments LP increased its holdings in shares of Cullen/Frost Bankers by 2,024.4% in the third quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock valued at $47,409,000 after buying an additional 356,373 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cullen/Frost Bankers by 16,676.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,470 shares of the bank’s stock valued at $44,760,000 after buying an additional 351,363 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cullen/Frost Bankers by 18.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock valued at $209,833,000 after buying an additional 236,808 shares in the last quarter. Finally, Fiera Capital Corp bought a new position in shares of Cullen/Frost Bankers in the third quarter valued at $29,769,000. Institutional investors own 86.90% of the company’s stock.

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.