Research Analysts Issue Forecasts for CFG FY2025 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Research analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Citizens Financial Group in a report issued on Monday, January 20th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $4.89 per share for the year, up from their prior forecast of $3.89. DA Davidson has a “Buy” rating and a $48.00 price objective on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.95 per share.

CFG has been the topic of a number of other research reports. Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Citigroup raised their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Truist Financial upped their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday. Raymond James restated a “strong-buy” rating and set a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday. Finally, Evercore ISI lowered their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Trading Up 0.7 %

Shares of NYSE:CFG opened at $47.36 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $45.71 and its 200 day moving average price is $42.91. The company has a market cap of $20.87 billion, a PE ratio of 15.63, a P/E/G ratio of 0.84 and a beta of 1.10. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1,962,330 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s revenue was down .1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CFG. Costello Asset Management INC purchased a new stake in Citizens Financial Group in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group in the third quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group during the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in Citizens Financial Group in the 3rd quarter valued at approximately $48,000. Finally, Friedenthal Financial purchased a new stake in Citizens Financial Group in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.55%. Citizens Financial Group’s payout ratio is currently 55.45%.

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.