DA Davidson Forecasts Strong Price Appreciation for Cullen/Frost Bankers (NYSE:CFR) Stock

Cullen/Frost Bankers (NYSE:CFR) had its target price raised by stock analysts at DA Davidson from $164.00 to $168.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. DA Davidson‘s price objective would suggest a potential upside of 7.16% from the company’s current price.

CFR has been the topic of a number of other reports. Royal Bank Of Canada lowered their price objective on Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. TD Cowen decreased their price target on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Zacks Research lowered shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Morgan Stanley lifted their target price on shares of Cullen/Frost Bankers from $200.00 to $201.00 and gave the company an “overweight” rating in a research report on Monday, September 28th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average price target of $171.55.

Cullen/Frost Bankers Stock Performance

CFR traded down $1.07 on Friday, hitting $156.78. 195,782 shares of the stock traded hands, compared to its average volume of 547,172. Cullen/Frost Bankers has a 52 week low of $119.14 and a 52 week high of $170.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $9.74 billion, a PE ratio of 14.81, a P/E/G ratio of 1.83 and a beta of 0.56. The business has a fifty day moving average price of $157.94 and a two-hundred day moving average price of $148.72.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. The company had revenue of $603.83 million during the quarter, compared to the consensus estimate of $610.19 million. During the same quarter last year, the company earned $2.67 EPS. On average, research analysts predict that Cullen/Frost Bankers will post 10.94 EPS for the current fiscal year.

Institutional Trading of Cullen/Frost Bankers

A number of large investors have recently bought and sold shares of CFR. BlackRock Inc. bought a new position in shares of Cullen/Frost Bankers during the second quarter valued at $1,133,453,000. Jupiter Topco LLC bought a new stake in shares of Cullen/Frost Bankers in the 2nd quarter worth about $94,297,000. William Blair Investment Management LLC bought a new stake in shares of Cullen/Frost Bankers in the 2nd quarter worth about $89,425,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth about $80,127,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth about $79,846,000. 86.90% of the stock is currently owned by institutional investors.

Trending Headlines about Cullen/Frost Bankers

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

• Positive Sentiment: Cullen/Frost reported third-quarter net income available to common shareholders of $178.5 million, or $2.84 per diluted share, compared with $2.67 a year earlier and above the $2.80 consensus estimate. Average loans increased 9.0% year over year, while non-interest income rose 8.2%, supporting the bank’s growth outlook. Cullen/Frost Reports Third Quarter Results
• Positive Sentiment: CFR raised its 2026 guidance, citing stronger loan demand, improving margins and higher fee income. The updated outlook indicates management expects its recent momentum to continue, although investors may monitor whether revenue growth can offset higher operating costs. Cullen/Frost Raises 2026 Guidance
• Positive Sentiment: The board declared a quarterly common-stock dividend of $1.03 per share, equivalent to $4.12 annually and a yield of approximately 2.6%. The dividend provides ongoing income support for shareholders. Cullen/Frost Declares Fourth Quarter Dividend
• Neutral Sentiment: Cullen/Frost will transfer its primary listings for common stock and Series B depositary shares from the NYSE to the Texas Stock Exchange on November 12, while retaining the CFR and CFR.PrB tickers. The move enhances the company’s Texas identity but is not expected to directly change its fundamentals or shareholder economics. Cullen/Frost to Move Listings to Texas Stock Exchange
• Negative Sentiment: Quarterly revenue of $603.8 million fell short of the $610.2 million consensus estimate, while non-interest expense rose 7.0% year over year. Higher costs could limit the benefit of stronger loan growth and are the main risk to the sustainability of CFR’s upgraded outlook.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.