Research Analysts Issue Forecasts for CFG FY2025 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Research analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Citizens Financial Group in a research report issued on Friday, September 26th. DA Davidson analyst P. Winter now expects that the bank will earn $3.85 per share for the year, up from their previous estimate of $3.83. DA Davidson has a “Buy” rating and a $55.00 price objective on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share. DA Davidson also issued estimates for Citizens Financial Group’s FY2026 earnings at $5.03 EPS.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. Citizens Financial Group had a return on equity of 6.94% and a net margin of 13.26%.The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Several other brokerages have also recently commented on CFG. Wells Fargo & Company set a $57.00 target price on shares of Citizens Financial Group in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Wednesday, July 9th. Morgan Stanley upgraded shares of Citizens Financial Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $53.00 to $71.00 in a research report on Monday. JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $48.50 to $52.00 in a research report on Friday, August 1st. Finally, Evercore ISI upped their target price on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $53.95.

Citizens Financial Group Stock Down 0.8%

NYSE:CFG opened at $53.20 on Monday. The stock’s fifty day moving average price is $50.47 and its two-hundred day moving average price is $44.23. The company has a market cap of $22.95 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.59 and a beta of 0.80. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $54.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 0.85.

Institutional Trading of Citizens Financial Group

A number of large investors have recently made changes to their positions in CFG. Wealth Enhancement Advisory Services LLC increased its position in shares of Citizens Financial Group by 148.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 258,623 shares of the bank’s stock valued at $11,317,000 after buying an additional 154,404 shares in the last quarter. Versant Capital Management Inc increased its holdings in Citizens Financial Group by 176.1% during the 1st quarter. Versant Capital Management Inc now owns 4,652 shares of the bank’s stock worth $191,000 after purchasing an additional 2,967 shares in the last quarter. GAMMA Investing LLC increased its holdings in Citizens Financial Group by 3,969.0% during the 1st quarter. GAMMA Investing LLC now owns 499,875 shares of the bank’s stock worth $20,480,000 after purchasing an additional 487,590 shares in the last quarter. Rhumbline Advisers increased its holdings in Citizens Financial Group by 3.9% during the 1st quarter. Rhumbline Advisers now owns 1,097,300 shares of the bank’s stock worth $44,956,000 after purchasing an additional 41,306 shares in the last quarter. Finally, Czech National Bank increased its holdings in Citizens Financial Group by 5.1% during the 1st quarter. Czech National Bank now owns 100,403 shares of the bank’s stock worth $4,114,000 after purchasing an additional 4,850 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 31st were given a $0.42 dividend. The ex-dividend date was Thursday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.2%. Citizens Financial Group’s dividend payout ratio is currently 51.06%.

Citizens Financial Group declared that its board has initiated a share buyback program on Friday, June 13th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the bank to reacquire up to 8.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.