Zacks Research Issues Negative Estimate for CFG Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Zacks Research lowered their Q2 2027 earnings per share estimates for shares of Citizens Financial Group in a research report issued on Monday, November 10th. Zacks Research analyst Team now forecasts that the bank will post earnings per share of $1.45 for the quarter, down from their previous estimate of $1.46. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share.

A number of other analysts have also commented on the company. Evercore ISI boosted their target price on Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Barclays lifted their price objective on shares of Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. Truist Financial lowered their target price on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, October 17th. Weiss Ratings raised Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Cantor Fitzgerald began coverage on Citizens Financial Group in a research report on Wednesday, September 10th. They set an “overweight” rating and a $61.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $56.57.

Citizens Financial Group Stock Up 2.2%

CFG traded up $1.15 during midday trading on Wednesday, hitting $53.39. The company had a trading volume of 105,860 shares, compared to its average volume of 4,692,740. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.56 and a beta of 0.82. The stock’s 50 day moving average price is $51.81 and its 200 day moving average price is $47.16. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $55.24.

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

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.4%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio is 51.54%.

Hedge Funds Weigh In On Citizens Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in Citizens Financial Group in the 1st quarter worth approximately $3,177,000. Nordea Investment Management AB lifted its position in shares of Citizens Financial Group by 20.7% during the second quarter. Nordea Investment Management AB now owns 6,399,905 shares of the bank’s stock worth $287,932,000 after acquiring an additional 1,098,684 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Citizens Financial Group by 78.7% in the second quarter. Pinnacle Associates Ltd. now owns 19,735 shares of the bank’s stock worth $883,000 after acquiring an additional 8,693 shares during the period. Impact Partnership Wealth LLC purchased a new position in shares of Citizens Financial Group in the first quarter valued at $491,000. Finally, Covenant Asset Management LLC bought a new stake in shares of Citizens Financial Group during the 1st quarter valued at $1,043,000. 94.90% of the stock is owned by institutional investors.

About Citizens Financial Group

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.