Cullen/Frost Bankers (NYSE:CFR) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Cullen/Frost Bankers (NYSE:CFR) had its price objective lifted by equities research analysts at Keefe, Bruyette & Woods from $165.00 to $175.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 6.80% from the company’s current price.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and upped their price target for the company from $135.00 to $160.00 in a report on Monday, July 6th. Stephens raised shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Morgan Stanley raised their price target on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research note on Monday, June 29th. Finally, Citigroup raised their target price on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $153.67.

Cullen/Frost Bankers Price Performance

Shares of CFR opened at $163.85 on Friday. The firm has a market capitalization of $10.29 billion, a PE ratio of 15.95, a P/E/G ratio of 2.98 and a beta of 0.54. The stock’s 50 day moving average is $150.97 and its two-hundred day moving average is $143.46. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $169.09. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $608.65 million during the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same quarter last year, the company earned $2.39 earnings per share. Research analysts anticipate that Cullen/Frost Bankers will post 10.57 earnings per share for the current year.

Insider Transactions at Cullen/Frost Bankers

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp increased its stake in Cullen/Frost Bankers by 13.5% during the 4th quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock worth $13,822,000 after buying an additional 12,990 shares during the period. Concurrent Investment Advisors LLC boosted its position in Cullen/Frost Bankers by 863.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after buying an additional 19,221 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Cullen/Frost Bankers by 3.7% during the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock valued at $33,961,000 after acquiring an additional 9,612 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Cullen/Frost Bankers by 915.0% during the third quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock worth $5,456,000 after acquiring an additional 38,796 shares during the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Cullen/Frost Bankers by 52.8% during the fourth quarter. Verition Fund Management LLC now owns 130,944 shares of the bank’s stock worth $16,581,000 after acquiring an additional 45,254 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Cullen/Frost Bankers

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

• Positive Sentiment: Q2 earnings and revenue topped expectations. Cullen/Frost reported diluted EPS of $2.70, up from $2.39 a year earlier and above the roughly $2.53-$2.55 analyst consensus. Revenue reached approximately $608.7 million versus expectations of $589.7 million. Cullen/Frost Reports Second Quarter Results
• Positive Sentiment: Core banking trends improved. Net income available to common shareholders increased to $170.4 million from $155.3 million year over year. Net interest income rose 4.3%, average loans grew 7.4% to $22.6 billion, deposits increased 2.1% to $42.6 billion, and non-interest income advanced 9.4%. Cullen/Frost Q2 Net Income Rises
• Positive Sentiment: Management pointed to a record loan pipeline during the earnings call, potentially supporting additional loan growth. The bank also repurchased 654,955 shares for $90 million, which can enhance per-share results. Cullen/Frost Q2 2026 Earnings Call Highlights
• Positive Sentiment: The quarterly dividend was maintained at $1.03 per common share, payable September 15 to shareholders of record August 31, representing an annualized yield of about 2.5%. Cullen/Frost Quarterly Dividend Announcement
• Neutral Sentiment: Analyst sentiment remains cautious. Brokerages currently have an average “Hold” recommendation, suggesting the earnings beat is positive but may already be reflected in CFR’s valuation near its 52-week high. Average Hold Recommendation
• Negative Sentiment: Non-interest expense rose 4.2% year over year to $361.7 million. Investors will also monitor whether the strong loan pipeline converts into actual growth and whether credit costs or funding pressure increase.

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.