Media headlines about Cullen/Frost Bankers (NYSE:CFR) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty 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 daily sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 16 out of 100, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Cullen/Frost Bankers, Inc. (NYSE:CFR) to Post FY2018 Earnings of $5.55 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Cullen/Frost Bankers, Inc. (NYSE:CFR) Lifted to “Hold” at BidaskClub (americanbankingnews.com)
- Next Weeks Broker Price Targets For Cullen/Frost Bankers, Inc. (NYSE:CFR) (eleganthomesinla.com)
- Cullen/Frost Bankers, Inc. (NYSE:CFR) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Jefferies Group Comments on Cullen/Frost Bankers, Inc.’s Q2 2017 Earnings (CFR) (americanbankingnews.com)
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $93.00 price objective (up previously from $90.00) on shares of Cullen/Frost Bankers in a research note on Thursday. BidaskClub upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Tuesday, July 4th. Finally, Wedbush upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $92.00 price objective for the company in a research note on Friday, May 19th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.00.
Shares of Cullen/Frost Bankers (NYSE:CFR) traded down 0.42% during trading on Monday, reaching $95.05. 67,519 shares of the company’s stock were exchanged. Cullen/Frost Bankers has a 52 week low of $63.11 and a 52 week high of $99.20. The company’s 50-day moving average price is $93.22 and its 200 day moving average price is $90.69. The firm has a market capitalization of $6.08 billion, a PE ratio of 19.35 and a beta of 1.33.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Wednesday, April 26th. The bank reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Cullen/Frost Bankers had a net margin of 27.98% and a return on equity of 10.84%. The company had revenue of $292.21 million during the quarter, compared to analyst estimates of $319.56 million. During the same quarter last year, the firm posted $1.07 EPS. Analysts predict that Cullen/Frost Bankers will post $5.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a dividend of $0.57 per share. The ex-dividend date was Friday, May 26th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. Cullen/Frost Bankers’s dividend payout ratio is currently 46.44%.
In other news, Director Graham M. Weston acquired 22,081 shares of Cullen/Frost Bankers stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $90.56 per share, with a total value of $1,999,655.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.15% of the stock is currently owned by corporate insiders.
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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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