Citigroup Rates Cullen/Frost Bankers (CFR) sell

Citigroup maintains a sell rating on Cullen/Frost Bankers with a $145 price target, a 6.16% downside from the current price.

By TradeTexts Research Desk · Published Jun 30, 2026, 3:01 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Citigroup rated Cullen/Frost Bankers, Inc. ($CFR) "sell" with a $145 price target on June 30, 2026.

Since the rating, $CFR is up 1.8% after 1 week, up 5.8% after 1 month and up 1.0% to date (from the $153.54 close on Jun 30, 2026).

CFR Cullen/Frost Bankers, Inc.

$155.05 +23.54% year to date

Daily close · Oct 16, 2026

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.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -1.67% hypothetical

All-time return +33.16% S&P 500 +31.40%

vs. S&P 500 +1.76% ahead of the index

Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.

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 3.3%

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.

12-month forecast

$CFR price target

Cullen/Frost Bankers, Inc. daily closes and this analyst's $145 target. Not 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.