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

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

A number of other equities analysts have also issued reports on CFR. Stephens increased their price target on Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Cantor Fitzgerald cut their price objective on Cullen/Frost Bankers from $175.00 to $167.00 and set a “neutral” rating for the company in a report on Wednesday, October 14th. Barclays raised their target price on Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Monday, October 5th. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $135.00 to $160.00 in a report on Monday, July 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Tuesday, October 13th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $171.55.

Cullen/Frost Bankers Price Performance

CFR traded down $1.07 on Friday, reaching $156.78. The company had a trading volume of 195,782 shares, compared to its average volume of 547,172. The company has a market capitalization of $9.74 billion, a P/E ratio of 14.81, a PEG ratio of 1.83 and a beta of 0.56. 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 company has a fifty day moving average of $157.94 and a 200-day moving average of $148.72. Cullen/Frost Bankers has a one year low of $119.14 and a one year high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results 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 net margin of 23.34% and a return on equity of 15.55%. The company had revenue of $603.83 million for the quarter, compared to the consensus estimate of $610.19 million. During the same period in the previous year, the firm earned $2.67 EPS. As a group, equities research analysts anticipate that Cullen/Frost Bankers will post 10.94 earnings per share for the current year.

Institutional Trading of Cullen/Frost Bankers

Several large investors have recently added to or reduced their stakes in CFR. BlackRock Inc. bought a new position in Cullen/Frost Bankers in the 2nd quarter worth approximately $1,133,453,000. State Street Corp increased its position in Cullen/Frost Bankers by 3.8% during the second quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock worth $497,292,000 after acquiring an additional 118,313 shares during the period. First Eagle Investment Management LLC increased its position in Cullen/Frost Bankers by 22.6% during the second quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock worth $429,204,000 after acquiring an additional 511,784 shares during the period. Dimensional Fund Advisors LP increased its position in Cullen/Frost Bankers by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after acquiring an additional 236,808 shares during the period. Finally, Bank of America Corp DE raised its stake in Cullen/Frost Bankers by 11.8% during the 1st quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers News Summary

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.