What is Zacks Research’s Forecast for CFR Q2 Earnings?

Posted by Brenda Bartman on Aug 25th, 2026

Cullen/Frost Bankers, Inc. (NYSE:CFR – Free Report) – Investment analysts at Zacks Research raised their Q2 2028 earnings per share estimates for shares of Cullen/Frost Bankers in a research note issued to investors on Thursday, August 20th. Zacks Research analyst Team now anticipates that the bank will post earnings of $2.54 per share for the quarter, up from their previous estimate of $2.36. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.90 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ FY2028 earnings at $11.29 EPS.

CFR has been the topic of a number of other research reports. Jefferies Financial Group upgraded Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and raised their price objective for the company from $135.00 to $160.00 in a report on Monday, July 6th. 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. TD Cowen raised their price target on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Morgan Stanley boosted their price target on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research report on Monday, June 29th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $161.75.

Read Our Latest Analysis on Cullen/Frost Bankers

Cullen/Frost Bankers Stock Up 0.1%

Shares of CFR opened at $164.27 on Monday. The stock has a 50 day moving average price of $160.02 and a 200 day moving average price of $146.86. Cullen/Frost Bankers has a one year low of $119.00 and a one year high of $170.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 2.52 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last released its earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.15. The business had revenue of $576.01 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $2.39 earnings per share.

Institutional Investors Weigh In On Cullen/Frost Bankers

Several hedge funds and other institutional investors have recently bought and sold shares of CFR. Symphony Financial Ltd. Co. boosted its holdings in Cullen/Frost Bankers by 2.2% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 3,482 shares of the bank’s stock valued at $539,000 after purchasing an additional 75 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Cullen/Frost Bankers by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after buying an additional 94 shares during the last quarter. Cardinal Capital Management increased its holdings in shares of Cullen/Frost Bankers by 0.5% during the 4th quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after buying an additional 98 shares during the last quarter. Evolve Private Wealth LLC raised its position in shares of Cullen/Frost Bankers by 6.0% during the 1st quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock valued at $237,000 after buying an additional 98 shares during the period. Finally, Covestor Ltd raised its position in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after buying an additional 100 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the transaction, the executive vice president owned 12,712 shares in the company, valued at $1,885,062.48. The trade was a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.03 dividend. 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%.

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.