DA Davidson Issues Pessimistic Estimate for CFG Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – DA Davidson decreased their Q4 2024 earnings estimates for Citizens Financial Group in a report issued on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $0.84 for the quarter, down from their prior forecast of $0.85. DA Davidson currently has a “Buy” rating and a $48.00 price target on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.20 per share.

A number of other equities analysts also recently weighed in on CFG. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a report on Wednesday. Compass Point boosted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays increased their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Citigroup increased their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Eight 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.41.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $43.45 on Friday. The firm has a market capitalization of $19.15 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $44.93 and its 200 day simple moving average is $41.24. Citizens Financial Group has a 12 month low of $30.24 and a 12 month high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CFG. Costello Asset Management INC bought a new stake in Citizens Financial Group during the third quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the third quarter worth about $28,000. Innealta Capital LLC bought a new position in shares of Citizens Financial Group in the second quarter worth approximately $25,000. Finally, Private Ocean LLC raised its stake in Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after purchasing an additional 838 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.87%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

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.