Equities Analysts Offer Predictions for CFG Q2 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Stock analysts at Zacks Research raised their Q2 2027 EPS estimates for Citizens Financial Group in a research report issued on Wednesday, November 5th. Zacks Research analyst Team now forecasts that the bank will post earnings per share of $1.46 for the quarter, up from their previous estimate of $1.41. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share.

Other equities research analysts also recently issued research reports about the company. Truist Financial cut their price target on Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a report on Friday, October 17th. Evercore ISI raised their target price on shares of Citizens Financial Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Wall Street Zen upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Barclays boosted their price target on Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 16th. Finally, DA Davidson reiterated a “buy” rating and set a $59.00 price target on shares of Citizens Financial Group in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average price target of $56.57.

Citizens Financial Group Stock Performance

Shares of CFG traded down $0.35 during mid-day trading on Friday, reaching $50.55. The company’s stock had a trading volume of 995,558 shares, compared to its average volume of 4,716,314. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Citizens Financial Group has a 1-year low of $32.60 and a 1-year high of $55.24. The business has a 50-day simple moving average of $51.80 and a two-hundred day simple moving average of $46.67. The stock has a market cap of $21.71 billion, a P/E ratio of 14.19, a PEG ratio of 0.55 and a beta of 0.82.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the firm posted $0.79 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis.

Hedge Funds Weigh In On Citizens Financial Group

Several large investors have recently added to or reduced their stakes in the business. StoneX Group Inc. boosted its holdings in Citizens Financial Group by 0.4% during the 2nd quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock worth $2,699,000 after acquiring an additional 213 shares during the last quarter. Brookstone Capital Management boosted its position in Citizens Financial Group by 2.9% during the second quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock worth $336,000 after purchasing an additional 214 shares during the period. Profund Advisors LLC lifted its position in shares of Citizens Financial Group by 2.9% during the third quarter. Profund Advisors LLC now owns 7,821 shares of the bank’s stock worth $416,000 after acquiring an additional 221 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Citizens Financial Group by 4.9% during the 3rd quarter. Versant Capital Management Inc now owns 4,821 shares of the bank’s stock worth $256,000 after purchasing an additional 224 shares in the last quarter. Finally, Lynx Investment Advisory grew its holdings in Citizens Financial Group by 2.8% during the 2nd quarter. Lynx Investment Advisory now owns 8,961 shares of the bank’s stock valued at $401,000 after buying an additional 243 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.46 per share. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio is presently 51.54%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.