Sumitomo Mitsui Financial Group (SMFG) Receiving Positive News Coverage, Analysis Shows

News coverage about Sumitomo Mitsui Financial Group (NYSE:SMFG) has been trending positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sumitomo Mitsui Financial Group earned a media sentiment score of 0.40 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.4114979271801 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

SMFG traded down $0.07 during midday trading on Thursday, hitting $8.54. 748,259 shares of the company traded hands, compared to its average volume of 1,265,766. The company has a market cap of $60,733.66, a price-to-earnings ratio of 8.63 and a beta of 1.29. Sumitomo Mitsui Financial Group has a 52-week low of $7.10 and a 52-week high of $9.67.

Sumitomo Mitsui Financial Group (NYSE:SMFG) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $13.43 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 14.38% and a return on equity of 7.28%. sell-side analysts expect that Sumitomo Mitsui Financial Group will post 0.93 earnings per share for the current fiscal year.

SMFG has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research raised shares of Sumitomo Mitsui Financial Group from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Saturday, March 24th.

Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides various banking and financial services. Its Commercial Banking segment offers deposits; loans, including syndicated loans, commitment lines, structured finance, and nonrecourse loans, as well as settlement, cash management, leasing, factoring, management information systems consulting, collection, and investment banking services for listed and mid-sized companies; and personal bank accounts, ordinary deposits, time deposits, foreign currency deposits, housing loans, investment trusts, pension-type insurance products, and life insurance products for individuals.

Insider Buying and Selling by Quarter for Sumitomo Mitsui Financial Group (NYSE:SMFG)

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