Zacks Research Has Optimistic Outlook of CFR Q2 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Analysts at Zacks Research increased their Q2 2026 earnings per share estimates for Cullen/Frost Bankers in a research note issued to investors on Thursday, May 21st. Zacks Research analyst Team now anticipates that the bank will post earnings of $2.44 per share for the quarter, up from their previous estimate of $2.42. 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’ Q3 2026 earnings at $2.51 EPS, Q1 2027 earnings at $2.48 EPS, Q3 2027 earnings at $2.66 EPS, FY2027 earnings at $10.22 EPS, Q1 2028 earnings at $2.65 EPS and FY2028 earnings at $10.90 EPS.

Several other research firms have also recently issued reports on CFR. Barclays boosted their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada boosted their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Morgan Stanley reduced their target price on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. DA Davidson boosted their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, 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 research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $148.73.

Cullen/Frost Bankers Price Performance

CFR opened at $139.41 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers has a 52-week low of $119.00 and a 52-week high of $148.97. The stock has a market capitalization of $8.76 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.55 and a beta of 0.58. The stock’s 50 day moving average price is $138.52 and its 200-day moving average price is $135.06.

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

Cullen/Frost Bankers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $1.03 dividend. 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 payout ratio is currently 38.95%.

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. Goldman Sachs Group Inc. grew its stake in Cullen/Frost Bankers by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after purchasing an additional 230,993 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Cullen/Frost Bankers by 9.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock worth $20,896,000 after purchasing an additional 15,063 shares during the period. Geneos Wealth Management Inc. grew its stake in Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares during the period. Invesco Ltd. grew its stake in Cullen/Frost Bankers by 12.2% in the second quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock worth $16,201,000 after purchasing an additional 13,718 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Cullen/Frost Bankers by 82.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock worth $151,000 after purchasing an additional 532 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.