Cullen/Frost Bankers, Inc. $CFR Stock Position Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 396.6% during the 3rd quarter, Holdings Channel reports. The fund owned 29,050 shares of the bank’s stock after purchasing an additional 23,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Cullen/Frost Bankers were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CFR. Symphony Financial Ltd. Co. grew its stake in shares of Cullen/Frost Bankers by 2.2% in the second quarter. Symphony Financial Ltd. Co. now owns 3,482 shares of the bank’s stock worth $539,000 after purchasing an additional 75 shares in the last quarter. Reyes Financial Architecture Inc. raised its stake in shares of Cullen/Frost Bankers by 14.4% during the third quarter. Reyes Financial Architecture Inc. now owns 611 shares of the bank’s stock valued at $93,000 after purchasing an additional 77 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Cullen/Frost Bankers by 4.4% in the third quarter. D.A. Davidson & CO. now owns 1,947 shares of the bank’s stock worth $297,000 after purchasing an additional 82 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Cullen/Frost Bankers by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock worth $1,771,000 after purchasing an additional 100 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in Cullen/Frost Bankers by 0.7% in the first quarter. State of Michigan Retirement System now owns 15,164 shares of the bank’s stock worth $2,079,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $157.46 on Monday. The business’s 50-day moving average price is $157.79 and its 200 day moving average price is $148.83. The firm has a market cap of $9.79 billion, a P/E ratio of 14.65, a PEG ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers, Inc. has a 52-week low of $119.14 and a 52-week high of $170.80. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, October 29th. The bank reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.04. Cullen/Frost Bankers had a net margin of 23.37% and a return on equity of 16.27%. The company had revenue of $603.83 million during the quarter, compared to the consensus estimate of $610.19 million. During the same period in the prior year, the company earned $2.67 EPS. As a group, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 10.97 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, November 30th. Cullen/Frost Bankers’s payout ratio is presently 38.33%.

Wall Street Analyst Weigh In

CFR has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Saturday. Stephens upped their price target on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and increased their price objective for the company from $135.00 to $160.00 in a report on Monday, July 6th. Finally, TD Cowen decreased their price objective on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a “buy” rating for the company in a report on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $171.55.

Cullen/Frost Bankers News Roundup

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

• Positive Sentiment: Third-quarter earnings exceeded expectations. CFR reported diluted EPS of $2.84, up from $2.67 a year earlier and above the $2.80 consensus estimate. Average loans increased 9.0% year over year to $23.4 billion, while non-interest income rose 8.2% to $136 million. Cullen/Frost Reports Third Quarter Results
• Positive Sentiment: Management raised its 2026 growth outlook. Stronger loan demand, improving margins and higher fee income are driving the more optimistic forecast, suggesting continued operating momentum. Cullen-Frost Raises 2026 Guidance
• Positive Sentiment: DA Davidson raised its price target from $164 to $168, implying additional upside, although it maintained a neutral rating. DA Davidson Analyst Ratings
• Positive Sentiment: The quarterly dividend remains supportive. CFR declared a $1.03-per-share dividend, or $4.12 annualized, representing a yield of approximately 2.6% based on the reported share price.
• Neutral Sentiment: CFR will transfer its primary listings to the Texas Stock Exchange on November 12, 2026. The company’s CFR and CFR.PrB ticker symbols will remain unchanged, so the move is unlikely to alter its underlying fundamentals. Cullen/Frost Listing Transfer
• Negative Sentiment: Revenue was below expectations and costs increased. Quarterly revenue of $603.8 million trailed the $610.2 million consensus estimate, while non-interest expense rose 7.0% year over year. Rising costs could challenge the sustainability of the improved growth 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.