Citigroup Reiterates Sell Rating on Cullen/Frost Bankers
Citigroup maintains a sell rating on Cullen/Frost Bankers with a $145 price target, a 6.16% downside from the current price.
Key Points
- Citigroup reiterated its sell rating on Cullen/Frost Bankers, Inc. (NYSE:CFR) with a price target of $145.
- Citigroup's $145 price target implies 6.16% downside from Cullen/Frost Bankers, Inc.'s ($CFR) current $154.52 share price.
- Cullen/Frost Bankers has a market cap of $9.75 billion and a P/E ratio of 15.12, with shares trading near $154.77.
- Insiders at Cullen/Frost Bankers have been active, with several buying shares in late April 2026.
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Citigroup has reiterated its sell rating on Cullen/Frost Bankers, Inc. (NYSE:CFR), maintaining a price target of $145. This update came from analyst Ben Gerlinger on June 30, 2026. On Tuesday, CFR shares traded near $154.77.
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Other Institutional Activity in Cullen/Frost Bankers
Several institutional investors have adjusted their positions in Cullen/Frost Bankers. BlackRock, Inc. increased its holdings by 35,250 shares, bringing its total to about 7.08 million shares valued at approximately $970.5 million. On the other hand, Aristotle Capital Management, LLC reduced its position by 245,169 shares, ending with about 4.77 million shares worth $653.2 million. Gardner Russo & Quinn LLC also trimmed its stake by 54,818 shares, holding 3.45 million shares valued at $594.4 million. Vanguard Portfolio Management LLC opened a new position with about 3.22 million shares worth $442.1 million, while State Street Corp decreased its holdings by 251,671 shares to 3.10 million shares, valued at $424.9 million.
Cullen/Frost Bankers, Inc. Stock Down 3.8%
As of Tuesday, shares of Cullen/Frost Bankers (NYSE:CFR) traded near $154.77. The company has a market capitalization of approximately $9.75 billion and a P/E ratio of 15.12. Its 52-week range spans from $119.00 to $155.41, with a 50-day moving average of $141.59 and a 200-day moving average of $134.25. The stock's beta is 0.552, indicating lower volatility compared to the broader market.
$CFR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Cullen/Frost Bankers reported revenue of $2.23 billion, reflecting a growth rate of 7.8%. The company achieved a net margin of 29.96% and a return on equity of 15.47%. Its earnings per share (EPS) stood at $10.27. The next earnings release is scheduled for July 30, 2026.
Dividend
Cullen/Frost Bankers offers an annual dividend rate of $4.12, yielding 2.65%. The dividend payout ratio is 38.95%, indicating a balanced approach to returning profits to shareholders while retaining earnings for growth.
Insider Buying and Selling at Cullen/Frost Bankers, Inc.
Recent insider activity at Cullen/Frost Bankers includes GEVP and Chief Risk Officer Severyn Carol Jean selling 837 shares on June 12, 2026, at an average price of $148.29. In contrast, several insiders, including Anthony Chase and Jeffrey Rummel, purchased 630 shares each on April 29, 2026.
Analysts Set New Price Targets
On June 30, 2026, Citigroup reiterated its sell rating on Cullen/Frost Bankers with a price target of $145. The consensus among analysts is a hold rating, with a mean price target of $151.33, based on 15 analyst opinions.
About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc. operates as a bank holding company for Frost Bank, providing a range of commercial and consumer banking services primarily in Texas. The company offers various financial services, including loans, treasury management, and brokerage services. Headquartered in San Antonio, Texas, and led by CEO Phillip D. Green, Cullen/Frost Bankers employs approximately 6,008 people.
Bottom Line
Citigroup's reiteration of a sell rating on Cullen/Frost Bankers highlights the bank's cautious outlook. Investors often track such analyst ratings as part of their broader due diligence. However, it's important to remember that these ratings are backward-looking and may not reflect current market conditions.
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