Weekly Analysts’ Ratings Changes for Cullen/Frost Bankers (CFR)

A number of firms have modified their ratings and price targets on shares of Cullen/Frost Bankers (NYSE: CFR) recently:

• 8/3/2026 – Cullen/Frost Bankers had its price target raised by TD Cowen from $169.00 to $185.00. They now have a “buy” rating on the stock.
• 7/31/2026 – Cullen/Frost Bankers had its price target raised by Royal Bank Of Canada from $168.00 to $176.00. They now have a “sector perform” rating on the stock.
• 7/31/2026 – Cullen/Frost Bankers had its price target raised by Stephens from $169.00 to $183.00. They now have an “overweight” rating on the stock.
• 7/31/2026 – Cullen/Frost Bankers had its price target raised by Keefe, Bruyette & Woods from $165.00 to $175.00. They now have an “outperform” rating on the stock.
• 7/15/2026 – Cullen/Frost Bankers had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 7/15/2026 – Cullen/Frost Bankers had its price target raised by Cantor Fitzgerald from $154.00 to $158.00. They now have a “neutral” rating on the stock.
• 7/9/2026 – Cullen/Frost Bankers was upgraded by Stephens from “hold” to “strong-buy”.
• 7/7/2026 – Cullen/Frost Bankers had its price target raised by Barclays PLC from $155.00 to $160.00. They now have an “equal weight” rating on the stock.
• 7/6/2026 – Cullen/Frost Bankers was upgraded by Jefferies Financial Group Inc. from “underperform” to “hold”. They now have a $160.00 price target on the stock, up from $135.00.
• 7/1/2026 – Cullen/Frost Bankers had its “market perform” rating reaffirmed by Raymond James Financial, Inc..
• 6/30/2026 – Cullen/Frost Bankers had its price target raised by Citigroup Inc. from $131.00 to $145.00. They now have a “sell” rating on the stock.
• 6/29/2026 – Cullen/Frost Bankers had its price target raised by Morgan Stanley from $133.00 to $141.00. They now have an “underweight” rating on the stock.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 38.94%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the business’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 sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. The trade was a 6.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.14% of the stock is currently owned by company insiders.

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.