Cullen/Frost Bankers (CFR) Receiving Somewhat Negative News Coverage, Study Shows
Headlines about Cullen/Frost Bankers (NYSE:CFR) have been trending somewhat negative on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cullen/Frost Bankers earned a news impact score of -0.01 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.0138513349687 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Cullen/Frost Bankers (NYSE CFR) opened at 94.92 on Monday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 18.70 and a beta of 1.35. Cullen/Frost Bankers has a 12-month low of $69.63 and a 12-month high of $99.20. The stock has a 50 day moving average of $87.20 and a 200 day moving average of $90.93.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, hitting analysts’ consensus estimates of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The firm had revenue of $295.87 million during the quarter, compared to analyst estimates of $316.40 million. During the same quarter last year, the business posted $1.11 EPS. Equities research analysts anticipate that Cullen/Frost Bankers will post $5.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, August 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 44.79%.
A number of research firms have commented on CFR. Maxim Group reiterated a “buy” rating and issued a $105.00 price target on shares of Cullen/Frost Bankers in a research note on Thursday, July 27th. Zacks Investment Research raised Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, June 13th. ValuEngine upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Morgan Stanley restated an “equal weight” rating and set a $93.00 price target (up previously from $90.00) on shares of Cullen/Frost Bankers in a research note on Thursday, July 6th. Finally, Barclays PLC upped their price objective on shares of Cullen/Frost Bankers from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $95.13.
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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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