Cullen/Frost Bankers (CFR) Getting Somewhat Critical Press Coverage, Analysis Finds
News stories about Cullen/Frost Bankers (NYSE:CFR) have been trending somewhat negative on Tuesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cullen/Frost Bankers earned a news impact score of -0.05 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.2363096057504 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- $350.96 Million in Sales Expected for Cullen/Frost Bankers, Inc. (CFR) This Quarter (americanbankingnews.com)
- Zacks: Analysts Anticipate Cullen/Frost Bankers, Inc. (CFR) to Post $1.38 EPS (americanbankingnews.com)
- Cullen/Frost Bankers, Inc. breached its 50 day moving average in a Bearish Manner : CFR-US : November 10, 2017 (finance.yahoo.com)
- Frost Bank Recognized for $8.8 Million to Affordable Housing (tmcnet.com)
A number of analysts have recently weighed in on CFR shares. BidaskClub downgraded shares of Cullen/Frost Bankers from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. ValuEngine downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Deutsche Bank AG upped their price target on shares of Cullen/Frost Bankers from $96.00 to $102.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Citigroup Inc. downgraded shares of Cullen/Frost Bankers to an “underperform” rating in a report on Thursday, August 10th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price target on shares of Cullen/Frost Bankers in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $100.58.
Cullen/Frost Bankers (NYSE CFR) traded up $1.85 during mid-day trading on Tuesday, reaching $95.20. 310,100 shares of the company were exchanged, compared to its average volume of 461,052. The firm has a market cap of $5,896.40, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.35. Cullen/Frost Bankers has a twelve month low of $79.76 and a twelve month high of $103.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.65 and a current ratio of 0.65.
Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, October 26th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.10. Cullen/Frost Bankers had a net margin of 28.86% and a return on equity of 11.64%. The business had revenue of $300.83 million during the quarter, compared to analysts’ expectations of $329.62 million. During the same period in the prior year, the company earned $1.24 EPS. analysts predict that Cullen/Frost Bankers will post 5.35 EPS for the current fiscal year.
Cullen/Frost Bankers declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 26th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the bank to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, November 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.35%.
In other Cullen/Frost Bankers news, insider Bobby Berman sold 41,760 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $100.53, for a total value of $4,198,132.80. Following the completion of the transaction, the insider now directly owns 38,596 shares in the company, valued at approximately $3,880,055.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.15% of the company’s stock.
Cullen/Frost Bankers Company Profile
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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