Cullen/Frost Bankers (CFR) Getting Somewhat Negative Press Coverage, Accern Reports
Media headlines about Cullen/Frost Bankers (NYSE:CFR) have been trending somewhat negative on Tuesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cullen/Frost Bankers earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.0443091069063 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.
A number of analysts recently weighed in on CFR shares. ValuEngine lowered shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research lowered shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. BidaskClub lowered shares of Cullen/Frost Bankers from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, July 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $96.50 target price on shares of Cullen/Frost Bankers in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $95.04.
Cullen/Frost Bankers (NYSE:CFR) opened at 91.66 on Tuesday. The stock’s 50 day moving average is $87.20 and its 200-day moving average is $90.93. Cullen/Frost Bankers has a 1-year low of $67.86 and a 1-year high of $99.20. The company has a market capitalization of $5.89 billion, a P/E ratio of 18.06 and a beta of 1.33.
Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $316.40 million. During the same period in the prior year, the firm earned $1.11 EPS. On average, analysts expect that Cullen/Frost Bankers will post $5.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors 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 2.51%. The ex-dividend date was Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is currently 44.79%.
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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