Q3 EPS Estimate for Cullen/Frost Bankers Boosted by Analyst

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Research analysts at Zacks Research increased their Q3 2026 earnings per share (EPS) estimates for shares of Cullen/Frost Bankers in a research note issued to investors on Thursday, August 20th. Zacks Research analyst Team now expects that the bank will post earnings per share of $2.70 for the quarter, up from their prior forecast of $2.51. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.80 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q4 2026 earnings at $2.77 EPS, FY2026 earnings at $10.82 EPS, Q1 2027 earnings at $2.60 EPS, Q2 2027 earnings at $2.41 EPS, Q3 2027 earnings at $2.69 EPS, Q4 2027 earnings at $2.75 EPS, FY2027 earnings at $10.45 EPS and Q1 2028 earnings at $2.67 EPS.

A number of other analysts have also weighed in on the stock. Raymond James Financial reissued a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Stephens upped their price objective on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. TD Cowen increased their price objective on Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their target price on Cullen/Frost Bankers from $168.00 to $176.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Finally, Morgan Stanley boosted their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $161.75.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $165.06 on Friday. Cullen/Frost Bankers has a 1 year low of $119.00 and a 1 year high of $170.80. The firm’s 50 day moving average is $159.31 and its 200-day moving average is $146.52. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.55 and a beta of 0.53. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.The company had revenue of $576.01 million for the quarter, compared to analyst estimates of $589.72 million. During the same quarter in the previous year, the firm earned $2.39 earnings per share.

Institutional Trading of Cullen/Frost Bankers

A number of institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $28,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Cullen/Frost Bankers during the second quarter worth $37,000. Global Retirement Partners LLC acquired a new stake in shares of Cullen/Frost Bankers during the second quarter worth $38,000. Covestor Ltd increased its holdings in Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Cullen/Frost Bankers in the first quarter valued at about $41,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.14% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Announces Dividend

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

Key Headlines Impacting Cullen/Frost Bankers

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

• Positive Sentiment: Zacks Research raised multiple earnings forecasts and reiterated a “Strong-Buy” rating. Its Q3 and Q4 2026 EPS estimates increased to $2.70 and $2.77, respectively, lifting its FY2026 forecast to $10.82 from $10.15. Zacks also raised FY2027 EPS to $10.45 from $10.22, Q1 2027 EPS to $2.60 from $2.48, Q2 2027 EPS to $2.41 from $2.27, Q3 2027 EPS to $2.69 from $2.66, and Q1 2028 EPS to $2.67 from $2.65. The upgrades suggest improving expectations for Cullen/Frost’s earnings trajectory. Cullen/Frost Bankers analyst estimates
• Positive Sentiment: Cantor Fitzgerald raised its price target to $175 from $158. Although the firm maintained a neutral rating, the new target implies additional upside from recent trading levels and may reinforce investor confidence. Cantor Fitzgerald raises Cullen/Frost price target
• Neutral Sentiment: A review of regional-bank performance compared Cullen/Frost with its peers following the second quarter. The article may help frame CFR’s relative performance, but the provided report contains no specific new company guidance or estimate change. Regional banks Q2 review
• Negative Sentiment: Zacks trimmed its Q4 2027 EPS estimate to $2.75 from $2.80, a modest offset to the broader set of upward revisions. Its FY2027 forecast of $10.45 remains below the current-year consensus estimate of $10.80, indicating some longer-term earnings moderation.

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.