News articles about Cullen/Frost Bankers (NYSE:CFR) have trended somewhat negative recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing 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. Cullen/Frost Bankers earned a news sentiment score of -0.06 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.1091958843849 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages have commented on CFR. Keefe, Bruyette & Woods reissued a “hold” rating and set a $95.00 price target on shares of Cullen/Frost Bankers in a report on Friday, September 29th. SunTrust Banks reissued a “buy” rating and set a $116.00 price target on shares of Cullen/Frost Bankers in a report on Wednesday, November 29th. Morgan Stanley increased their price target on Cullen/Frost Bankers from $96.00 to $107.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Citigroup raised Cullen/Frost Bankers to a “market perform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research cut Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $101.73.
Cullen/Frost Bankers (CFR) traded down $0.87 during trading hours on Tuesday, reaching $94.65. The company’s stock had a trading volume of 304,000 shares, compared to its average volume of 446,086. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $5,978.52, a PE ratio of 17.99, a PEG ratio of 1.85 and a beta of 1.33. Cullen/Frost Bankers has a twelve month low of $81.09 and a twelve month high of $103.37.
Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.10. The firm had revenue of $300.83 million during the quarter, compared to analyst estimates of $329.62 million. Cullen/Frost Bankers had a return on equity of 11.64% and a net margin of 28.86%. During the same quarter last year, the business posted $1.24 earnings per share. research analysts forecast that Cullen/Frost Bankers will post 5.38 EPS for the current year.
Cullen/Frost Bankers declared that its board has approved a stock buyback program on Thursday, October 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the bank to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.57 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.28 annualized dividend and a yield of 2.41%. Cullen/Frost Bankers’s dividend payout ratio is currently 43.35%.
In related news, insider Candace K. Wolfshohl sold 7,000 shares of Cullen/Frost Bankers stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $94.99, for a total value of $664,930.00. Following the completion of the transaction, the insider now owns 9,145 shares in the company, valued at $868,683.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jerry Salinas sold 12,000 shares of Cullen/Frost Bankers stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $99.65, for a total value of $1,195,800.00. Following the completion of the transaction, the chief financial officer now 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. In the last quarter, insiders sold 60,760 shares of company stock valued at $6,058,863. 5.15% of the stock is currently owned by company 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.
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