Zacks Research Has Pessimistic Outlook of CFR Q2 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Research analysts at Zacks Research lowered their Q2 2026 EPS estimates for shares of Cullen/Frost Bankers in a report released on Monday, June 9th. Zacks Research analyst R. Department now expects that the bank will post earnings of $2.48 per share for the quarter, down from their prior forecast of $2.54. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $8.85 per share.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.13. The firm had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. During the same period in the previous year, the firm earned $2.15 EPS.

Other equities analysts also recently issued reports about the stock. Barclays lifted their price objective on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Evercore ISI raised shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price target on the stock in a report on Friday, May 2nd. Royal Bank of Canada cut their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd. Morgan Stanley cut their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Finally, Jefferies Financial Group began coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an “underperform” rating and a $105.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $131.93.

Cullen/Frost Bankers Price Performance

CFR opened at $123.79 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 6.46 and a beta of 0.68. The firm’s fifty day moving average price is $121.98 and its two-hundred day moving average price is $129.82. Cullen/Frost Bankers has a 1 year low of $94.09 and a 1 year high of $147.64.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings in Cullen/Frost Bankers by 8.3% in the 4th quarter. HighTower Advisors LLC now owns 13,083 shares of the bank’s stock worth $1,756,000 after purchasing an additional 1,003 shares in the last quarter. Entropy Technologies LP purchased a new position in Cullen/Frost Bankers in the 4th quarter worth approximately $389,000. Vanguard Group Inc. lifted its holdings in Cullen/Frost Bankers by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank’s stock worth $855,884,000 after purchasing an additional 66,243 shares in the last quarter. US Bancorp DE lifted its holdings in Cullen/Frost Bankers by 15.1% in the 4th quarter. US Bancorp DE now owns 4,339 shares of the bank’s stock worth $583,000 after purchasing an additional 568 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Cullen/Frost Bankers by 42.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,090 shares of the bank’s stock worth $549,000 after purchasing an additional 1,222 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson purchased 1,870 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the purchase, the chief accounting officer now directly owns 5,545 shares of the company’s stock, valued at $93,876.85. The trade was a 50.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, May 30th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. Cullen/Frost Bankers’s dividend payout ratio is 43.91%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.