What is DA Davidson’s Forecast for CFG FY2026 Earnings?

Citizens Financial Group, Inc. (NYSE:CFGFree 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:CFGGet 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.

Several other research analysts also recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Citizens Financial Group in a research note on Thursday, October 16th. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the stock a “strong-buy” rating in a research note on Tuesday, October 7th. Bank of America raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $65.00 in a research note on Thursday, October 9th. Cantor Fitzgerald began coverage on shares of Citizens Financial Group in a research note on Wednesday, September 10th. They issued an “overweight” rating and a $61.00 target price on the stock. Finally, Barclays lifted their price target on shares of Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $56.57.

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

(Get Free Report)

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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Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

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