Citizens Financial Group, Inc. (NYSE:CFG – Free Report) – Equities research analysts at DA Davidson decreased their FY2026 earnings estimates for Citizens Financial Group in a research note issued on Thursday, October 16th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $4.99 for the year, down from their previous estimate of $5.03. DA Davidson currently has a “Buy” rating and a $59.00 price objective on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share.
Citizens Financial Group (NYSE:CFG – Get Free Report) last issued its earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis.
Read Our Latest Analysis on Citizens Financial Group
Citizens Financial Group Stock Up 1.1%
Shares of NYSE CFG opened at $50.85 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Citizens Financial Group has a 52 week low of $32.60 and a 52 week high of $55.24. The firm’s fifty day moving average is $51.49 and its 200 day moving average is $45.37. The company has a market cap of $21.93 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.54 and a beta of 0.79.
Institutional Trading of Citizens Financial Group
A number of hedge funds have recently modified their holdings of CFG. Investors Research Corp boosted its holdings in shares of Citizens Financial Group by 344.8% during the 2nd quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock valued at $29,000 after buying an additional 410 shares in the last quarter. GoalVest Advisory LLC boosted its holdings in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after buying an additional 676 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after buying an additional 526 shares in the last quarter. Finally, REAP Financial Group LLC boosted its holdings in shares of Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after buying an additional 309 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.
Citizens Financial Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $0.46 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.6%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.06%.
About Citizens Financial Group
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.
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