Zacks Research Has Positive Forecast for CFG Q2 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Analysts at Zacks Research lifted their Q2 2027 earnings estimates for Citizens Financial Group in a research report issued to clients and investors on Wednesday, November 5th. Zacks Research analyst Team now expects that the bank will earn $1.46 per share 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.

Several other brokerages have also recently issued reports on CFG. Bank of America raised Citizens Financial Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $65.00 in a research report on Thursday, October 9th. Citigroup raised their price objective on Citizens Financial Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, September 19th. UBS Group upped their target price on shares of Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $48.50 to $52.00 in a report on Friday, August 1st. Finally, Stephens reissued an “overweight” rating and set a $60.00 price target on shares of Citizens Financial Group in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.57.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $51.68 on Friday. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.54 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $55.24. The firm’s 50-day simple moving average is $51.79 and its 200 day simple moving average is $46.79.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data 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 firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share.

Citizens Financial Group Increases Dividend

The firm 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 $0.46 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $1.84 annualized dividend and a yield of 3.6%. Citizens Financial Group’s payout ratio is 51.54%.

Institutional Trading of Citizens Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC boosted its stake in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Citizens Financial Group by 177.5% in the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after buying an additional 410 shares in the last quarter. Investors Research Corp lifted its holdings in shares of Citizens Financial Group by 344.8% in the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after buying an additional 500 shares in the last quarter. GoalVest Advisory LLC boosted its position in shares of Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after acquiring an additional 676 shares during the period. Finally, REAP Financial Group LLC grew its stake in Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after acquiring an additional 309 shares in the last quarter. 94.90% of the stock is currently 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.