DA Davidson Has Bullish Estimate for CFG FY2025 Earnings

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Investment analysts at DA Davidson increased their FY2025 EPS estimates for Citizens Financial Group in a research note issued to investors on Thursday, October 16th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $3.86 for the year, up from their previous estimate of $3.85. DA Davidson currently has a "Buy" rating and a $59.00 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 Q4 2025 earnings at $1.12 EPS.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the business earned $0.79 earnings per share. The business's revenue was up 11.4% on a year-over-year basis.

CFG has been the subject of several other reports. 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 report on Wednesday, July 9th. Barclays boosted their price objective on shares of Citizens Financial Group from $55.00 to $56.00 and gave the stock an "equal weight" rating in a report on Thursday. Truist Financial boosted their price objective on shares of Citizens Financial Group from $52.00 to $58.00 and gave the stock a "hold" rating in a report on Friday, October 3rd. Wells Fargo & Company set a $57.00 price objective on shares of Citizens Financial Group in a report on Wednesday, July 2nd. Finally, Citigroup boosted their price objective on shares of Citizens Financial Group from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.67.

Citizens Financial Group Price Performance

CFG stock opened at $48.34 on Friday. The firm has a 50 day moving average price of $51.33 and a 200-day moving average price of $45.08. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $55.24. The firm has a market capitalization of $20.85 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.57 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds have recently modified their holdings of the business. Heartland Bank & Trust Co bought a new stake in shares of Citizens Financial Group during the 1st quarter valued at $398,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Citizens Financial Group by 19.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,870 shares of the bank's stock valued at $2,248,000 after acquiring an additional 8,851 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Citizens Financial Group by 425.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank's stock valued at $1,069,000 after acquiring an additional 21,138 shares during the period. World Investment Advisors bought a new stake in shares of Citizens Financial Group during the 1st quarter valued at $410,000. Finally, OneDigital Investment Advisors LLC grew its position in shares of Citizens Financial Group by 37.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,126 shares of the bank's stock valued at $292,000 after acquiring an additional 1,957 shares during the period. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, October 29th. This is a positive change from Citizens Financial Group's previous quarterly dividend of $0.42. Citizens Financial Group's payout ratio is presently 51.06%.

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.

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