Cullen/Frost Bankers (NYSE:CFR) Hits New 52-Week High Following Analyst Upgrade

Posted by Stanley Muller on Aug 3rd, 2026

Cullen/Frost Bankers, Inc. (NYSE:CFR – Get Free Report)’s stock price hit a new 52-week high on Monday after TD Cowen raised their price target on the stock from $169.00 to $185.00. TD Cowen currently has a buy rating on the stock. Cullen/Frost Bankers traded as high as $169.68 and last traded at $169.1610, with a volume of 417319 shares trading hands. The stock had previously closed at $166.34.

Other equities research analysts also recently issued research reports about the stock. Citigroup increased their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Cantor Fitzgerald lifted their target price on Cullen/Frost Bankers from $154.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Barclays upped their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $135.00 to $160.00 in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and an average price target of $159.15.

View Our Latest Stock Analysis on Cullen/Frost Bankers

Insider Buying and Selling

In other news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were 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 owned 12,712 shares in the company, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CFR. M&T Bank Corp grew its holdings in shares of 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 purchasing an additional 12,990 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Cullen/Frost Bankers by 863.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after purchasing an additional 19,221 shares in the last quarter. ProShare Advisors LLC raised its stake in Cullen/Frost Bankers by 3.7% in the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock valued at $33,961,000 after purchasing an additional 9,612 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in 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 purchasing an additional 38,796 shares during the period. Finally, Verition Fund Management LLC lifted its position in 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 purchasing an additional 45,254 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.91 and a beta of 0.53. The business’s 50 day simple moving average is $151.51 and its 200-day simple moving average is $143.68.

Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last issued its earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The company had revenue of $608.65 million during the quarter, compared to analysts’ expectations of $589.72 million. During the same period in the previous year, the company earned $2.39 EPS. On average, research analysts forecast that Cullen/Frost Bankers, Inc. will post 10.79 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s payout ratio is currently 38.94%.

About Cullen/Frost Bankers

(Get Free Report)

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.