Cullen/Frost Bankers (CFR) Earns News Impact Score of -0.06
News stories about Cullen/Frost Bankers (NYSE:CFR) have been trending somewhat negative on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cullen/Frost Bankers earned a media sentiment score of -0.06 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.5602448942719 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Cullen/Frost Bankers, Inc. Hosts Fourth Quarter and Annual 2017 Earnings Conference Call (finance.yahoo.com)
- Jefferies Group Comments on Cullen/Frost Bankers, Inc.’s Q1 2018 Earnings (CFR) (americanbankingnews.com)
- FY2017 EPS Estimates for Cullen/Frost Bankers, Inc. Raised by Jefferies Group (CFR) (americanbankingnews.com)
- Brokers Issue Forecasts for Cullen/Frost Bankers, Inc.’s Q1 2018 Earnings (CFR) (americanbankingnews.com)
- Cullen/Frost Bankers, Inc. Expected to Earn FY2019 Earnings of $6.21 Per Share (CFR) (americanbankingnews.com)
CFR has been the subject of several analyst reports. SunTrust Banks reissued a “buy” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a research note on Sunday, October 29th. Maxim Group reissued a “buy” rating and issued a $110.00 price objective on shares of Cullen/Frost Bankers in a research note on Thursday, October 26th. ValuEngine raised shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research raised 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 Wednesday, January 3rd. Finally, Barclays raised their price objective on shares of Cullen/Frost Bankers from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.19.
Cullen/Frost Bankers (NYSE:CFR) traded down $0.23 during trading on Friday, hitting $100.90. 351,350 shares of the stock traded hands, compared to its average volume of 372,856. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.08. Cullen/Frost Bankers has a 1 year low of $81.09 and a 1 year high of $103.37. The company has a market capitalization of $6,360.00, a P/E ratio of 19.33, a PEG ratio of 1.74 and a beta of 1.33.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly 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. Cullen/Frost Bankers had a net margin of 28.86% and a return on equity of 11.64%. The firm had revenue of $300.83 million during the quarter, compared to the consensus estimate of $329.62 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. research analysts expect that Cullen/Frost Bankers will post 5.38 earnings per share for the current year.
Cullen/Frost Bankers announced that its board has authorized a stock buyback plan on Thursday, October 26th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the bank to buy up to 2.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, November 29th. Cullen/Frost Bankers’s dividend payout ratio is presently 43.68%.
In other news, insider Candace K. Wolfshohl sold 7,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $94.99, for a total transaction of $664,930.00. Following the completion of the sale, the insider now owns 9,145 shares of the company’s stock, valued at $868,683.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jerry Salinas sold 12,000 shares of Cullen/Frost Bankers stock in a transaction that occurred 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 directly owns 24,184 shares of the company’s stock, valued at approximately $2,409,935.60. The disclosure for this sale can be found here. Insiders have sold 60,760 shares of company stock valued at $6,058,863 in the last ninety days. Insiders own 5.15% of the company’s stock.
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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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