Q1 2019 EPS Estimates for Citizens Financial Group Inc Lifted by Analyst (NYSE:CFG)

Citizens Financial Group Inc (NYSE:CFG) – Equities research analysts at Wedbush lifted their Q1 2019 earnings estimates for Citizens Financial Group in a report issued on Wednesday, March 27th, Zacks Investment Research reports. Wedbush analyst P. Winter now anticipates that the bank will post earnings of $0.90 per share for the quarter, up from their previous estimate of $0.89. Wedbush also issued estimates for Citizens Financial Group’s FY2020 earnings at $4.15 EPS.

Several other brokerages also recently weighed in on CFG. ValuEngine upgraded shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday. Barclays cut their price target on shares of Citizens Financial Group from $51.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Goldman Sachs Group upgraded shares of Citizens Financial Group to a “buy” rating and cut their price target for the stock from $44.00 to $40.00 in a report on Monday, January 7th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, February 11th. Finally, Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $41.00 to $37.00 in a report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.60.

Shares of CFG traded up $0.36 during mid-day trading on Friday, hitting $35.36. 7,898,277 shares of the company traded hands, compared to its average volume of 5,211,775. Citizens Financial Group has a 1-year low of $27.62 and a 1-year high of $43.51. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.28 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 18th. The bank reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company posted $0.78 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in CFG. Semmax Financial Advisors Inc. purchased a new stake in Citizens Financial Group in the 4th quarter worth approximately $26,000. PRW Wealth Management LLC purchased a new stake in Citizens Financial Group in the 4th quarter worth approximately $32,000. Liberty Wealth Management LLC purchased a new stake in Citizens Financial Group in the 1st quarter worth approximately $34,000. Exane Asset Management purchased a new stake in Citizens Financial Group in the 4th quarter worth approximately $42,000. Finally, CWM LLC boosted its position in Citizens Financial Group by 29.3% in the 4th quarter. CWM LLC now owns 1,536 shares of the bank’s stock worth $46,000 after purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.32 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.28 annualized dividend and a yield of 3.62%. Citizens Financial Group’s dividend payout ratio is presently 35.96%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services 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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