News headlines about Cullen/Frost Bankers (NYSE:CFR) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cullen/Frost Bankers earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.1858472252719 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Jefferies Group Analysts Boost Earnings Estimates for Cullen/Frost Bankers, Inc. (CFR) (americanbankingnews.com)
- JPMorgan Chase Increases Cullen/Frost Bankers (CFR) Price Target to $91.00 (americanbankingnews.com)
- Deutsche Bank Raises Cullen/Frost Bankers (CFR) Price Target to $102.00 (americanbankingnews.com)
- Cullen/Frost Bankers (CFR) Lowered to “Hold” at ValuEngine (americanbankingnews.com)
Several research firms have weighed in on CFR. Morgan Stanley lifted their target price on Cullen/Frost Bankers from $96.00 to $107.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Wednesday, January 10th. Barclays lifted their price target on Cullen/Frost Bankers from $110.00 to $113.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Stephens set a $110.00 price target on Cullen/Frost Bankers and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Maxim Group reiterated a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Cullen/Frost Bankers in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $104.19.
Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 25th. The bank reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.08. Cullen/Frost Bankers had a return on equity of 11.78% and a net margin of 29.62%. The firm had revenue of $358.69 million during the quarter, compared to analyst estimates of $351.34 million. During the same period in the previous year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. analysts anticipate that Cullen/Frost Bankers will post 6.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a $0.57 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 2.18%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 41.83%.
In related news, Director R Denny Alexander sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $109.54, for a total value of $219,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William L. Perotti sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $105.57, for a total value of $1,372,410.00. Following the completion of the sale, the executive vice president now owns 92,382 shares of the company’s stock, valued at $9,752,767.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,860 shares of company stock valued at $5,935,474. Corporate insiders own 5.15% of the company’s stock.
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About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.
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