Cullen/Frost Bankers (CFR) Earns Media Impact Rating of -0.06
Media coverage about Cullen/Frost Bankers (NYSE:CFR) has been trending somewhat negative on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cullen/Frost Bankers earned a news sentiment score of -0.06 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.3013019682856 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- ETFs with exposure to Cullen/Frost Bankers, Inc. : December 14, 2017 (finance.yahoo.com)
- Is Cullen/Frost Bankers a Great Stock for Value Investors? (zacks.com)
- Cullen/Frost Bankers (CFR) Given New $107.00 Price Target at Morgan Stanley (americanbankingnews.com)
- Is There Now An Opportunity In Cullen/Frost Bankers Inc (CFR)? (finance.yahoo.com)
Shares of Cullen/Frost Bankers (NYSE CFR) traded down $0.73 during mid-day trading on Thursday, hitting $93.31. 440,242 shares of the stock traded hands, compared to its average volume of 449,632. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $6,000.63, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33. Cullen/Frost Bankers has a 1 year low of $81.09 and a 1 year high of $103.37.
Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.10. The firm had revenue of $300.83 million for the quarter, compared to analysts’ expectations of $329.62 million. Cullen/Frost Bankers had a net margin of 28.86% and a return on equity of 11.64%. During the same quarter in the previous year, the company posted $1.24 EPS. analysts expect that Cullen/Frost Bankers will post 5.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.57 per share. The ex-dividend date is Wednesday, November 29th. This represents a $2.28 annualized dividend and a dividend yield of 2.44%. Cullen/Frost Bankers’s payout ratio is 43.35%.
Cullen/Frost Bankers declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the bank to buy up to 2.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Cullen/Frost Bankers from $96.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Wednesday. SunTrust Banks reaffirmed a “buy” rating and set a $116.00 target price on shares of Cullen/Frost Bankers in a research note on Wednesday, November 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $95.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, September 29th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $96.50 target price on shares of Cullen/Frost Bankers in a research note on Friday, September 1st. Finally, Citigroup raised shares of Cullen/Frost Bankers to a “market perform” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $101.73.
In other news, insider Bobby Berman sold 41,760 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $100.53, for a total transaction of $4,198,132.80. Following the transaction, the insider now owns 38,596 shares of the company’s stock, valued at approximately $3,880,055.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jerry Salinas sold 12,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $99.65, for a total transaction of $1,195,800.00. Following the transaction, the chief financial officer now directly owns 24,184 shares in the company, valued at approximately $2,409,935.60. The disclosure for this sale can be found here. Insiders own 5.15% of the company’s stock.
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About Cullen/Frost Bankers
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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