FY2025 Earnings Estimate for CFG Issued By DA Davidson

Citizens Financial Group, Inc. (NYSE:CFG) – Analysts at DA Davidson upped their FY2025 EPS estimates for Citizens Financial Group in a research report issued on Monday, January 20th. DA Davidson analyst P. Winter now forecasts that the bank will earn $4.89 per share for the year, up from their previous 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 $3.84 per share.

A number of other research analysts have also weighed in on CFG. Stephens reaffirmed an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Tuesday. Raymond James reaffirmed a “strong-buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Truist Financial upped their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday. Nine 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $47.06 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The stock has a market cap of $20.74 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. The stock has a fifty day moving average of $45.70 and a 200-day moving average of $42.88.

Citizens Financial Group (NYSE:CFG) last released 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. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Citizens Financial Group’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS.

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 paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CFG. Pacer Advisors Inc. boosted its position in shares of Citizens Financial Group by 56.4% during the fourth quarter. Pacer Advisors Inc. now owns 51,981 shares of the bank’s stock valued at $2,275,000 after purchasing an additional 18,747 shares in the last quarter. KBC Group NV boosted its holdings in shares of Citizens Financial Group by 1.7% during the 4th quarter. KBC Group NV now owns 894,642 shares of the bank’s stock valued at $39,149,000 after buying an additional 15,143 shares in the last quarter. Blue Trust Inc. grew its position in shares of Citizens Financial Group by 11.4% in the 4th quarter. Blue Trust Inc. now owns 11,366 shares of the bank’s stock worth $467,000 after buying an additional 1,163 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Citizens Financial Group during the 4th quarter valued at about $570,000. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in Citizens Financial Group by 46.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock worth $50,430,000 after acquiring an additional 367,439 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.