Headlines about Cullen/Frost Bankers (NYSE:CFR) have been trending somewhat negative on Sunday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cullen/Frost Bankers earned a news sentiment score of -0.05 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.214845732684 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
A number of analysts recently issued reports on CFR shares. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. ValuEngine upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $95.00 price target on shares of Cullen/Frost Bankers in a report on Friday, September 29th. Piper Jaffray Companies reiterated a “hold” rating and issued a $96.50 price target on shares of Cullen/Frost Bankers in a report on Friday, October 6th. Finally, Jefferies Group reiterated a “hold” rating and issued a $103.00 price target on shares of Cullen/Frost Bankers in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus target price of $102.19.
Cullen/Frost Bankers (NYSE:CFR) traded down $0.23 during trading hours on Friday, hitting $100.90. 351,300 shares of the company traded hands, compared to its average volume of 330,580. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $6,373.25, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.74 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 posted its earnings results on Thursday, October 26th. The bank reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.10. The business had revenue of $300.83 million for the quarter, compared to analyst estimates 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 business posted $1.24 EPS. equities research analysts forecast that Cullen/Frost Bankers will post 5.38 EPS for the current year.
Cullen/Frost Bankers announced that its board has initiated a stock buyback program 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 programs are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a dividend of $0.57 per share. The ex-dividend date was Wednesday, November 29th. This represents a $2.28 annualized dividend and a dividend yield of 2.26%. Cullen/Frost Bankers’s payout ratio is 43.35%.
In related news, CFO Jerry Salinas sold 12,000 shares of Cullen/Frost Bankers stock in a transaction on 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 sale, the chief financial officer now owns 24,184 shares of the company’s stock, valued at approximately $2,409,935.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bobby Berman sold 41,760 shares of Cullen/Frost Bankers stock in a transaction on Friday, October 27th. The stock was sold at an average price of $100.53, for a total transaction of $4,198,132.80. Following the sale, the insider now directly owns 38,596 shares in the company, valued at approximately $3,880,055.88. The disclosure for this sale can be found here. Insiders have sold a total of 60,760 shares of company stock worth $6,058,863 in the last ninety days. 5.15% of the stock is currently owned by 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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