News stories about Cullen/Frost Bankers (NYSE:CFR) have trended somewhat negative recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing 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 news impact score of -0.01 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.5705368490852 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Cullen/Frost Bankers Inc (NYSE:CFR) Investors Are Paying Above The Intrinsic Value (finance.yahoo.com)
- Bank of New York Mellon Corp Lowers Stake in Cullen/Frost Bankers, Inc. (CFR) (americanbankingnews.com)
- Cullen/Frost Bankers (CFR) Lifted to “Buy” at ValuEngine (americanbankingnews.com)
- Houston lawyer nominated to board of San Antonio-based bank (bizjournals.com)
Cullen/Frost Bankers (CFR) traded up $1.59 on Friday, reaching $110.01. The company had a trading volume of 526,380 shares, compared to its average volume of 341,026. The stock has a market capitalization of $6,904.42, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.81 and a beta of 1.33. Cullen/Frost Bankers has a 12 month low of $81.09 and a 12 month high of $110.07. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.07.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, February 27th. Cullen/Frost Bankers’s payout ratio is currently 41.38%.
A number of research analysts have recently weighed in on CFR shares. SunTrust Banks restated a “buy” rating and set a $116.00 price objective on shares of Cullen/Frost Bankers in a research report on Wednesday, November 29th. Morgan Stanley lifted their price target on Cullen/Frost Bankers from $96.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Barclays lifted their price target on Cullen/Frost Bankers from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Zacks Investment Research lowered Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Maxim Group reiterated a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Cullen/Frost Bankers in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $104.19.
In other Cullen/Frost Bankers news, insider Candace K. Wolfshohl sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $94.99, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director R Denny Alexander sold 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $107.50, for a total transaction of $322,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 60,860 shares of company stock valued at $6,381,324. 5.15% of the stock is owned by insiders.
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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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