What is Zacks Research’s Estimate for CFG Q2 Earnings?

Citizens Financial Group, Inc. (NYSE:CFG) – Zacks Research upped their Q2 2027 EPS estimates for Citizens Financial Group in a research report issued on Wednesday, November 5th. Zacks Research analyst Team now anticipates that the bank will post earnings of $1.46 per share for the quarter, up from their prior estimate of $1.41. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share.

A number of other equities research analysts have also commented on CFG. Bank of America raised Citizens Financial Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $52.00 to $65.00 in a research report on Thursday, October 9th. DA Davidson restated a “buy” rating and set a $59.00 target price on shares of Citizens Financial Group in a report on Thursday, October 16th. Truist Financial cut their price target on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, October 17th. Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday, October 16th. Finally, Evercore ISI raised their price objective on shares of Citizens Financial Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Buy” and an average price target of $56.57.

Citizens Financial Group Stock Performance

CFG stock opened at $51.68 on Friday. Citizens Financial Group has a 1-year low of $32.60 and a 1-year high of $55.24. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a market cap of $22.19 billion, a PE ratio of 14.47, a P/E/G ratio of 0.55 and a beta of 0.82. The business’s 50-day moving average price is $51.79 and its two-hundred day moving average price is $46.87.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.10 billion. During the same period last year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.6%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, October 29th. Citizens Financial Group’s payout ratio is currently 51.54%.

Institutional Investors Weigh In On Citizens Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OneDigital Investment Advisors LLC grew its position in shares of Citizens Financial Group by 37.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 7,126 shares of the bank’s stock valued at $292,000 after acquiring an additional 1,957 shares during the period. World Investment Advisors bought a new stake in Citizens Financial Group in the first quarter valued at approximately $410,000. Envestnet Asset Management Inc. lifted its position in shares of Citizens Financial Group by 4.5% in the first quarter. Envestnet Asset Management Inc. now owns 621,321 shares of the bank’s stock valued at $25,456,000 after buying an additional 26,738 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Citizens Financial Group by 21.7% during the 1st quarter. Brown Advisory Inc. now owns 5,591 shares of the bank’s stock worth $229,000 after acquiring an additional 998 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Citizens Financial Group by 15.9% during the 1st quarter. Allworth Financial LP now owns 3,002 shares of the bank’s stock worth $112,000 after acquiring an additional 411 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

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.