Zacks Research Issues Positive Forecast for CFR Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for Cullen/Frost Bankers in a report issued on Thursday, February 19th. Zacks Research analyst Team now forecasts that the bank will post earnings of $2.38 per share for the quarter, up from their prior estimate of $2.36. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.85 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.45 EPS, Q4 2026 earnings at $2.59 EPS, FY2026 earnings at $9.83 EPS, Q1 2027 earnings at $2.36 EPS, Q2 2027 earnings at $2.38 EPS, Q3 2027 earnings at $2.61 EPS, Q4 2027 earnings at $2.82 EPS, FY2027 earnings at $10.16 EPS and FY2028 earnings at $11.09 EPS.

A number of other brokerages also recently weighed in on CFR. Royal Bank Of Canada upped their price objective on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a research report on Monday, February 2nd. Barclays raised their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Finally, DA Davidson lifted their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus target price of $140.92.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $145.54 on Friday. The company has a market capitalization of $9.20 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 5.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. The company’s fifty day moving average price is $136.70 and its 200 day moving average price is $129.56. Cullen/Frost Bankers has a 1 year low of $100.31 and a 1 year high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The business had revenue of $562.58 million for the quarter, compared to analysts’ expectations of $578.05 million. During the same quarter last year, the company earned $2.36 EPS.

Institutional Investors Weigh In On Cullen/Frost Bankers

Hedge funds have recently modified their holdings of the company. Champlain Investment Partners LLC grew its stake in shares of Cullen/Frost Bankers by 1.0% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,734,222 shares of the bank’s stock valued at $222,917,000 after buying an additional 16,771 shares during the period. Dimensional Fund Advisors LP increased its stake in Cullen/Frost Bankers by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,293,964 shares of the bank’s stock worth $163,862,000 after purchasing an additional 106,558 shares during the period. Geode Capital Management LLC lifted its position in shares of Cullen/Frost Bankers by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after purchasing an additional 10,246 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Cullen/Frost Bankers by 8.5% in the third quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock valued at $143,209,000 after purchasing an additional 88,080 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Cullen/Frost Bankers by 2.3% in the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock valued at $122,437,000 after purchasing an additional 21,793 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at approximately $481,965. This trade represents a 15.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bobby Berman sold 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the sale, the executive vice president directly owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,700 shares of company stock valued at $225,970 over the last quarter. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. Cullen/Frost Bankers’s dividend payout ratio is presently 40.32%.

Key Cullen/Frost Bankers News

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

• Positive Sentiment: Zacks lifted its FY2026 estimate to $9.83 (from $9.68), raised FY2027 to $10.16 (from $9.72) and set FY2028 at $11.09 — sizable multi-year upward revisions that can support a higher valuation for CFR. Zacks estimate updates
• Positive Sentiment: Zacks also bumped several quarterly EPS forecasts across 2026–2027 (examples: Q1–Q4 2026 raised to ~$2.38–$2.59 range; Q2–Q4 2027 and Q3 2027 notably higher). These recurring quarter upgrades suggest the firm expects continued earnings momentum. Zacks quarterly detail
• Neutral Sentiment: Consensus and valuation context: consensus full‑year EPS on some services still sits near $8.85, so Zacks is noticeably more bullish; CFR trades at a mid‑teens P/E (~14.7) with a low debt/equity profile, meaning earnings upgrades can be meaningful for price if validated. Company snapshot
• Negative Sentiment: Recall the last quarter: CFR beat EPS estimates but reported revenue slightly below expectations — a reminder that top‑line growth and margin drivers still matter; future beats will be needed to sustain multiple expansion. Recent earnings

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.