Cullen/Frost Bankers (CFR) Given Daily Coverage Optimism Score of -0.07
Press coverage about Cullen/Frost Bankers (NYSE:CFR) has trended somewhat negative on Saturday, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cullen/Frost Bankers earned a daily sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also assigned news stories about the bank an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Shares of Cullen/Frost Bankers (NYSE:CFR) traded down 0.51% during midday trading on Friday, hitting $96.79. The stock had a trading volume of 1,086,777 shares. Cullen/Frost Bankers has a one year low of $57.94 and a one year high of $99.20. The stock has a market cap of $6.19 billion, a PE ratio of 19.70 and a beta of 1.30. The firm has a 50 day moving average price of $93.15 and a 200 day moving average price of $90.13.
Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Wednesday, April 26th. The bank reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $292.21 million for the quarter, compared to the consensus estimate of $319.56 million. Cullen/Frost Bankers had a return on equity of 10.84% and a net margin of 27.98%. During the same quarter last year, the business posted $1.07 EPS. On average, equities analysts forecast that Cullen/Frost Bankers will post $5.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, May 26th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.54. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 46.44%.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday. Keefe, Bruyette & Woods set a $94.00 target price on Cullen/Frost Bankers and gave the company a “hold” rating in a research note on Monday, April 3rd. Morgan Stanley lifted their target price on Cullen/Frost Bankers from $89.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 6th. Wedbush upgraded Cullen/Frost Bankers from an “underperform” rating to a “neutral” rating and set a $92.00 target price on the stock in a research note on Friday, May 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $99.00 target price (up previously from $93.00) on shares of Cullen/Frost Bankers in a research note on Thursday, April 27th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cullen/Frost Bankers has a consensus rating of “Hold” and an average price target of $89.64.
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In other news, Director Graham M. Weston purchased 22,081 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average price of $90.56 per share, for a total transaction of $1,999,655.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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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