During the last three months, 10 analysts shared their evaluations of Cullen/Frost Bankers (NYSE:CFR), revealing diverse outlooks from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	0	2	6	1	1
Last 30D	0	0	1	0	0
1M Ago	0	0	1	1	1
2M Ago	0	2	3	0	0
3M Ago	0	0	1	0	0

Analysts have recently evaluated Cullen/Frost Bankers and provided 12-month price targets. The average target is $146.9, accompanied by a high estimate of $160.00 and a low estimate of $125.00. This current average has increased by 5.46% from the previous average price target of $139.30.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Cullen/Frost Bankers among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst	Analyst Firm	Action Taken	Rating	Current Price Target	Prior Price Target
Dave Rochester	Cantor Fitzgerald	Raises	Neutral	$152.00	$141.00
Manan Gosalia	Morgan Stanley	Raises	Underweight	$143.00	$136.00
John Pancari	Evercore ISI Group	Raises	In-Line	$155.00	$137.00
Ben Gerlinger	Citigroup	Raises	Sell	$125.00	$114.00
Peter Winter	DA Davidson	Raises	Neutral	$144.00	$136.00
Jared Shaw	Barclays	Raises	Equal-Weight	$150.00	$140.00
Jon G. Arfstrom	RBC Capital	Raises	Sector Perform	$150.00	$144.00
Catherine Mealor	Keefe, Bruyette & Woods	Raises	Outperform	$160.00	$150.00
Catherine Mealor	Keefe, Bruyette & Woods	Maintains	Outperform	$150.00	$150.00
Jared Shaw	Barclays	Lowers	Equal-Weight	$140.00	$145.00

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Cullen/Frost Bankers. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cullen/Frost Bankers compared to the broader market.
• Price Targets: Analysts predict movements in price targets, offering estimates for Cullen/Frost Bankers's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

To gain a panoramic view of Cullen/Frost Bankers's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on Cullen/Frost Bankers analyst ratings.

Get to Know Cullen/Frost Bankers Better

Cullen/Frost is a regional US bank with around $53 billion in assets (as of September 2025), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based approach to banking that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through branch openings. The bank's sweet spot is small to medium-size Texas-based commercial clients.

A Deep Dive into Cullen/Frost Bankers's Financials

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Over the 3M period, Cullen/Frost Bankers showcased positive performance, achieving a revenue growth rate of 8.34% as of 31 December, 2025. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Cullen/Frost Bankers's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 28.03%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Cullen/Frost Bankers's ROE stands out, surpassing industry averages. With an impressive ROE of 3.73%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Cullen/Frost Bankers's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.31%, the company may face hurdles in achieving optimal financial returns.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.05.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.