Cullen/Frost Bankers (CFR) Given Daily News Sentiment Rating of 0.05

Press coverage about Cullen/Frost Bankers (NYSE:CFR) has been trending somewhat positive this week, Alpha One reports. The research firm, a division of Accern, identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cullen/Frost Bankers earned a news sentiment score of 0.05 on Alpha One’s scale. Alpha One also assigned press coverage about the bank an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

Insider Buying and Selling by Quarter for Cullen/Frost Bankers (NYSE:CFR)

Shares of Cullen/Frost Bankers (NYSE CFR) traded down 1.80% during midday trading on Tuesday, hitting $96.05. 24,038 shares of the stock were exchanged. The firm’s 50-day moving average is $93.24 and its 200 day moving average is $90.36. Cullen/Frost Bankers has a 52-week low of $57.94 and a 52-week high of $99.20. The firm has a market cap of $6.14 billion, a PE ratio of 19.55 and a beta of 1.30.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Wednesday, April 26th. The bank reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. Cullen/Frost Bankers had a return on equity of 10.84% and a net margin of 27.98%. The company had revenue of $292.21 million for the quarter, compared to analyst estimates of $319.56 million. During the same quarter in the previous year, the firm earned $1.07 earnings per share. On average, analysts forecast that Cullen/Frost Bankers will post $5.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, May 26th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.54. Cullen/Frost Bankers’s payout ratio is 46.44%.

A number of research firms have recently commented on CFR. Raymond James Financial, Inc. began coverage on shares of Cullen/Frost Bankers in a research report on Thursday, April 6th. They issued a “market perform” rating for the company. 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 report on Friday, May 19th. Royal Bank Of Canada restated a “sector perform” rating and issued a $99.00 price objective (up from $93.00) on shares of Cullen/Frost Bankers in a research report on Thursday, April 27th. Zacks Investment Research lowered shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research report on Monday, June 12th. Finally, Morgan Stanley raised their price objective on shares of Cullen/Frost Bankers from $89.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 6th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $89.64.

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In related news, Director Graham M. Weston bought 22,081 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $90.56 per share, for a total transaction of $1,999,655.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.15% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CFR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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