Great Lakes Advisors LLC Takes Position in Cullen/Frost Bankers, Inc. $CFR

Great Lakes Advisors LLC purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,341 shares of the bank’s stock, valued at approximately $671,000.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in shares of Cullen/Frost Bankers during the third quarter valued at approximately $28,000. Covestor Ltd grew its position in Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Cullen/Frost Bankers during the 2nd quarter worth approximately $38,000. Measured Wealth Private Client Group LLC acquired a new stake in Cullen/Frost Bankers during the 1st quarter valued at $41,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Down 0.4%

NYSE CFR opened at $164.07 on Friday. Cullen/Frost Bankers, Inc. has a 1-year low of $119.00 and a 1-year 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 company has a market capitalization of $10.20 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.52 and a beta of 0.53. The firm’s fifty day simple moving average is $159.63 and its 200-day simple moving average is $146.64.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.15. The business had revenue of $576.01 million during the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same period last year, the company earned $2.39 earnings per share. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.9 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on CFR shares. Barclays raised their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Morgan Stanley upped their price target on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a research report on Monday, June 29th. TD Cowen increased their price objective on Cullen/Frost Bankers from $169.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and lifted their target price for the company from $135.00 to $160.00 in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $161.75.

Key Cullen/Frost Bankers News

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

• Positive Sentiment: Zacks raised its earnings outlook across several periods. The firm increased its FY2026 EPS estimate to $10.82 from $10.15 and its FY2027 forecast to $10.45 from $10.22. It also lifted estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027 and Q1 2028. These revisions indicate improving expectations for Cullen/Frost’s profitability. Zacks maintained a “Strong-Buy” rating. Zacks earnings estimate revisions
• Positive Sentiment: Cantor Fitzgerald expects CFR shares to rise. The analyst’s constructive view adds to the positive research sentiment surrounding the regional bank and may encourage investor interest. Cullen/Frost Bankers stock price expected to rise
• Neutral Sentiment: A value comparison with Prosperity Bancshares provides context but no clear new catalyst. Investors are evaluating whether CFR or Prosperity Bancshares offers the better value opportunity. CFR trades at roughly 15.5 times earnings, while its shares remain above their 50-day and 200-day moving averages, suggesting the stock may not be viewed as deeply discounted after its strong yearly performance. PB versus CFR value comparison
• Neutral Sentiment: One estimate was trimmed. Zacks lowered its Q4 2027 EPS forecast to $2.75 from $2.80, a modest negative adjustment that is outweighed by the broader set of upward revisions. Cullen/Frost Bankers estimate update

Insider Activity

In other news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction dated Friday, June 12th. The stock was 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 in the company, valued at $1,885,062.48. The trade was a 6.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.14% of the stock is currently owned by corporate insiders.

About Cullen/Frost Bankers

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.