News articles about Cullen/Frost Bankers (NYSE:CFR) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty 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 nearest to one being the most favorable. Cullen/Frost Bankers earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.1866283388257 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Deutsche Bank boosted their target price on shares of Cullen/Frost Bankers from $108.00 to $117.00 and gave the stock a “hold” rating in a report on Friday, May 4th. Stephens restated a “hold” rating and issued a $123.00 target price on shares of Cullen/Frost Bankers in a report on Thursday, May 3rd. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating and set a $134.00 target price on the stock in a report on Tuesday, May 1st. Finally, Morgan Stanley boosted their target price on shares of Cullen/Frost Bankers from $107.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, April 30th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $112.35.
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Cullen/Frost Bankers opened at $113.55 on Friday, MarketBeat.com reports. Cullen/Frost Bankers has a twelve month low of $81.09 and a twelve month high of $121.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $7.28 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28.
Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, April 26th. The bank reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.12. Cullen/Frost Bankers had a net margin of 30.40% and a return on equity of 12.34%. The firm had revenue of $321.20 million during the quarter, compared to analysts’ expectations of $339.53 million. During the same period in the previous year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities analysts forecast that Cullen/Frost Bankers will post 6.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.57. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.36%. Cullen/Frost Bankers’s payout ratio is currently 49.17%.
In other news, Director Graham M. Weston purchased 43,000 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was purchased at an average cost of $114.05 per share, with a total value of $4,904,150.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jimmy Stead sold 4,482 shares of Cullen/Frost Bankers stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $120.56, for a total transaction of $540,349.92. Following the transaction, the insider now directly owns 488 shares of the company’s stock, valued at $58,833.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 70,149 shares of company stock valued at $8,062,776. 5.15% of the stock is owned by corporate insiders.
Cullen/Frost Bankers Company Profile
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.