Cullen/Frost Bankers (CFR) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Cullen/Frost Bankers (NYSE: CFR):

• 8/19/2026 – Cullen/Frost Bankers had its price target raised by Cantor Fitzgerald from $158.00 to $175.00. They now have a “neutral” rating on the stock.
• 8/5/2026 – Cullen/Frost Bankers was upgraded by Zacks Research from “hold” to “strong-buy”.
• 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 Announces Dividend

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

Insider Activity at Cullen/Frost Bankers

In related news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president owned 12,712 shares in the company, valued at $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is 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.