Q3 EPS Forecast for Cullen/Frost Bankers Raised by Analyst

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for Cullen/Frost Bankers in a research note issued on Friday, September 4th. Zacks Research analyst Team now forecasts that the bank will earn $2.74 per share for the quarter, up from their prior estimate of $2.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.91 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q1 2027 earnings at $2.63 EPS, Q3 2027 earnings at $2.73 EPS, Q4 2027 earnings at $2.68 EPS, Q1 2028 earnings at $2.71 EPS, Q2 2028 earnings at $2.55 EPS and FY2028 earnings at $11.33 EPS.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.The firm had revenue of $576.01 million during the quarter, compared to analysts’ expectations of $589.72 million. During the same quarter last year, the firm earned $2.39 EPS.

Several other brokerages have also commented on CFR. Barclays increased their price objective on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Cantor Fitzgerald raised their price target on shares of Cullen/Frost Bankers from $158.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $135.00 to $160.00 in a report on Monday, July 6th. Stephens upped their target price on Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Citigroup raised their target price on Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $166.67.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $163.78 on Monday. Cullen/Frost Bankers has a fifty-two week low of $119.00 and a fifty-two week high of $170.80. The company has a market cap of $10.18 billion, a PE ratio of 15.48, a P/E/G ratio of 2.49 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The business has a 50-day simple moving average of $162.66 and a two-hundred day simple moving average of $148.20.

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. California State Teachers Retirement System lifted its holdings in shares of Cullen/Frost Bankers by 14,678.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,701,283 shares of the bank’s stock valued at $1,653,562,000 after buying an additional 10,628,871 shares during the period. BlackRock Inc. acquired a new stake in Cullen/Frost Bankers during the second quarter worth about $1,133,453,000. Norges Bank acquired a new stake in Cullen/Frost Bankers during the fourth quarter worth about $92,904,000. Jupiter Topco LLC purchased a new position in Cullen/Frost Bankers during the second quarter valued at approximately $94,297,000. Finally, William Blair Investment Management LLC acquired a new position in Cullen/Frost Bankers in the second quarter valued at approximately $89,425,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Carol Severyn sold 837 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This trade represents 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 this hyperlink. 1.14% of the stock is owned by company insiders.

Cullen/Frost Bankers Announces Dividend

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

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.