Citizens Financial Group Inc (NYSE:CFG) – Equities researchers at Piper Jaffray Companies upped their Q2 2019 EPS estimates for shares of Citizens Financial Group in a research note issued on Tuesday, April 9th, Zacks Investment Research reports. Piper Jaffray Companies analyst K. Barker now forecasts that the bank will post earnings of $0.95 per share for the quarter, up from their previous forecast of $0.94. Piper Jaffray Companies also issued estimates for Citizens Financial Group’s Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $0.99 EPS, FY2019 earnings at $3.83 EPS, Q1 2020 earnings at $0.93 EPS, Q2 2020 earnings at $1.02 EPS, Q3 2020 earnings at $1.09 EPS and FY2020 earnings at $4.16 EPS.
Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, April 18th. The bank reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Citizens Financial Group had a return on equity of 8.88% and a net margin of 22.96%. During the same period in the previous year, the company posted $0.78 earnings per share.
CFG stock traded up $0.55 during mid-day trading on Friday, reaching $36.80. The company’s stock had a trading volume of 4,094,728 shares, compared to its average volume of 4,802,931. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.95 and a current ratio of 0.96. Citizens Financial Group has a 12 month low of $27.62 and a 12 month high of $43.12. The company has a market cap of $16.94 billion, a P/E ratio of 10.34, a PEG ratio of 1.16 and a beta of 1.45.
Large investors have recently made changes to their positions in the stock. Semmax Financial Advisors Inc. purchased a new position in Citizens Financial Group in the fourth quarter worth $26,000. PRW Wealth Management LLC purchased a new position in Citizens Financial Group in the fourth quarter worth $32,000. Liberty Wealth Management LLC purchased a new position in Citizens Financial Group in the first quarter worth $34,000. Exane Asset Management purchased a new position in Citizens Financial Group in the fourth quarter worth $42,000. Finally, CWM LLC boosted its position in Citizens Financial Group by 29.3% in the fourth quarter. CWM LLC now owns 1,536 shares of the bank’s stock worth $46,000 after purchasing an additional 348 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.48%. Citizens Financial Group’s payout ratio is 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.
Recommended Story: Call Option
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.