Equities Analysts Set Expectations for CFG FY2027 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Equities researchers at Zacks Research decreased their FY2027 earnings per share (EPS) estimates for Citizens Financial Group in a report released on Monday, December 29th. Zacks Research analyst Team now anticipates that the bank will earn $5.70 per share for the year, down from their previous estimate of $5.71. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. Citizens Financial Group’s revenue for the quarter was up 11.4% on a year-over-year basis.

A number of other research analysts have also weighed in on CFG. UBS Group upped their price objective on Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Citigroup downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 11th. DA Davidson reiterated a “buy” rating and issued a $59.00 price objective on shares of Citizens Financial Group in a research note on Thursday, October 16th. Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Citizens Financial Group in a report on Thursday, October 16th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Citizens Financial Group in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.57.

Citizens Financial Group Trading Down 0.4%

Shares of Citizens Financial Group stock opened at $58.93 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The company’s 50-day simple moving average is $54.44 and its 200-day simple moving average is $51.04. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $60.10. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 0.63 and a beta of 0.73.

Institutional Investors Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ninety One UK Ltd purchased a new stake in Citizens Financial Group in the third quarter valued at approximately $308,946,000. Norges Bank acquired a new position in Citizens Financial Group in the second quarter valued at $253,423,000. HoldCo Asset Management LP purchased a new stake in Citizens Financial Group during the second quarter valued at about $93,361,000. Alyeska Investment Group L.P. acquired a new stake in Citizens Financial Group during the third quarter worth about $87,173,000. Finally, Zurich Insurance Group Ltd FI raised its holdings in shares of Citizens Financial Group by 326.3% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 2,082,961 shares of the bank’s stock worth $110,730,000 after purchasing an additional 1,594,326 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th were issued a dividend of $0.46 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a yield of 3.1%. Citizens Financial Group’s payout ratio is currently 51.54%.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.