Citizens Financial Group (CFG) Earning Favorable Press Coverage, Study Finds
News articles about Citizens Financial Group (NYSE:CFG) have trended positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Citizens Financial Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.944130122466 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Citizens Financial Group Inc (CFG) Plans Dividend Increase – $0.22 Per Share (americanbankingnews.com)
- Research Analysts Set Expectations for Citizens Financial Group Inc’s FY2018 Earnings (CFG) (americanbankingnews.com)
- 5 Stocks Near 52-Week High With More Room to Run (finance.yahoo.com)
- Wedbush Weighs in on Citizens Financial Group Inc’s Q1 2018 Earnings (CFG) (americanbankingnews.com)
CFG has been the topic of several research analyst reports. Barclays upped their price objective on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Royal Bank of Canada restated a “hold” rating and issued a $45.00 price objective on shares of Citizens Financial Group in a research report on Sunday, January 21st. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, December 4th. Citigroup restated a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research report on Monday, October 9th. Finally, Bank of America restated an “underperform” rating and issued a $40.00 price objective (down from $41.00) on shares of Citizens Financial Group in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.36.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. sell-side analysts forecast that Citizens Financial Group will post 3.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.22 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 22.02%.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now directly owns 12,917 shares in the company, valued at $520,684.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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