What is DA Davidson's Forecast for CFG Q2 Earnings?

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Equities researchers at DA Davidson issued their Q2 2025 earnings estimates for Citizens Financial Group in a report issued on Thursday, April 17th. DA Davidson analyst P. Winter forecasts that the bank will earn $0.90 per share for the quarter. DA Davidson currently has a "Buy" rating and a $49.00 target price 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 FY2025 earnings at $3.76 EPS.

Several other brokerages have also recently weighed in on CFG. JPMorgan Chase & Co. reduced their price objective on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Stephens decreased their price target on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Piper Sandler lowered their price objective on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Raymond James restated a "strong-buy" rating and set a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Finally, Barclays dropped their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Eight 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, Citizens Financial Group currently has an average rating of "Moderate Buy" and a consensus price target of $45.82.

Citizens Financial Group Trading Up 2.4 %

NYSE:CFG traded up $0.87 during mid-day trading on Friday, hitting $36.69. 2,242,609 shares of the company's stock were exchanged, compared to its average volume of 4,781,318. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $16.04 billion, a P/E ratio of 12.11, a PEG ratio of 0.81 and a beta of 0.81. The company has a 50 day simple moving average of $40.45 and a 200-day simple moving average of $43.53.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.58%. Citizens Financial Group's payout ratio is 53.33%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Lecap Asset Management Ltd. bought a new position in Citizens Financial Group in the 1st quarter valued at about $593,000. Strategic Investment Advisors MI bought a new position in shares of Citizens Financial Group during the 1st quarter worth approximately $1,592,000. Asset Management One Co. Ltd. boosted its stake in shares of Citizens Financial Group by 12.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 180,889 shares of the bank's stock worth $7,411,000 after buying an additional 19,847 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Citizens Financial Group in the first quarter valued at approximately $523,000. Finally, Heartland Bank & Trust Co bought a new stake in Citizens Financial Group during the first quarter worth $398,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.