Research Analysts Offer Predictions for CFG Q4 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Equities researchers at DA Davidson reduced their Q4 2024 earnings estimates for shares of Citizens Financial Group in a research report issued on Thursday, December 19th. DA Davidson analyst P. Winter now forecasts that the bank will earn $0.84 per share for the quarter, down from their prior estimate of $0.85. DA Davidson currently has a “Buy” rating and a $48.00 target price on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.20 per share.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was down 5.6% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $46.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Compass Point upped their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Citigroup increased their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Evercore ISI reduced their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.41.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $42.45 on Friday. Citizens Financial Group has a twelve month low of $30.24 and a twelve month high of $49.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $44.92 and its 200 day simple moving average is $41.18. The firm has a market capitalization of $18.71 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Commerce Bank grew its stake in Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after purchasing an additional 250 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Citizens Financial Group by 12.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after buying an additional 264 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of Citizens Financial Group by 2.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 11,395 shares of the bank’s stock valued at $468,000 after acquiring an additional 280 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Citizens Financial Group by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock valued at $3,648,000 after acquiring an additional 308 shares during the period. Finally, SYM FINANCIAL Corp boosted its stake in Citizens Financial Group by 4.8% during the third quarter. SYM FINANCIAL Corp now owns 6,976 shares of the bank’s stock worth $287,000 after acquiring an additional 322 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Citizens Financial Group Company Profile

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.