Citizens Financial Group (NYSE:CFG) Receives “Overweight” Rating from Stephens

Stephens reissued their overweight rating on shares of Citizens Financial Group (NYSE:CFG) in a research note published on Wednesday,Benzinga reports. Stephens currently has a $53.00 price target on the bank’s stock.

Several other research firms also recently issued reports on CFG. Royal Bank of Canada lifted their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Piper Sandler lifted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Raymond James reiterated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Truist Financial raised 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, January 21st. Finally, Barclays upped their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $47.66 on Wednesday. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25. The company has a market capitalization of $21.00 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $45.79 and a 200-day simple moving average of $43.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts anticipate that Citizens Financial Group will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.42 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.53%. Citizens Financial Group’s payout ratio is currently 55.45%.

Hedge Funds Weigh In On Citizens Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. My Legacy Advisors LLC grew its stake in shares of Citizens Financial Group by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group grew its position in Citizens Financial Group by 3.3% in the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after buying an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in Citizens Financial Group by 0.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after buying an additional 246 shares during the period. Ballentine Partners LLC lifted its stake in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after acquiring an additional 247 shares during the period. Finally, Commerce Bank boosted its holdings in shares of Citizens Financial Group by 1.9% in the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after acquiring an additional 250 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

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.