Citizens Financial Group (NYSE:CFG) posted its quarterly earnings data on Tuesday. The bank reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.08, MarketWatch Earnings reports. Citizens Financial Group had a return on equity of 5.30% and a net margin of 13.04%. During the same quarter in the prior year, the firm posted $0.98 earnings per share.
Citizens Financial Group stock traded down $1.19 during mid-day trading on Thursday, hitting $38.90. 342,343 shares of the company were exchanged, compared to its average volume of 3,784,484. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.94 and a quick ratio of 0.92. The business’s 50 day simple moving average is $36.69 and its two-hundred day simple moving average is $29.53. The company has a market capitalization of $16.61 billion, a P/E ratio of 18.06 and a beta of 1.87. Citizens Financial Group has a 12-month low of $14.12 and a 12-month high of $41.67.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 17th. Shareholders of record on Wednesday, February 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, February 2nd. Citizens Financial Group’s payout ratio is 40.63%.
In other Citizens Financial Group news, insider Brendan Coughlin sold 12,000 shares of the firm’s stock in a transaction on Friday, December 11th. The stock was sold at an average price of $35.35, for a total transaction of $424,200.00. Following the completion of the transaction, the insider now owns 48,532 shares of the company’s stock, valued at $1,715,606.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.44% of the company’s stock.
A number of analysts have weighed in on CFG shares. Credit Suisse Group increased their price objective on Citizens Financial Group from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group cut Citizens Financial Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 12th. Morgan Stanley increased their price objective on Citizens Financial Group from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, January 7th. JPMorgan Chase & Co. increased their price objective on Citizens Financial Group from $25.50 to $29.50 in a research report on Tuesday, October 6th. Finally, Barclays increased their price objective on Citizens Financial Group from $44.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $37.54.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers traditional banking products and services, including checking and savings accounts, home and education loans, credit cards, business loans, mortgage and home equity lending, and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses.
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