DA Davidson Has Negative Forecast for CFG FY2026 Earnings

Key Points

• DA Davidson has lowered its FY2026 earnings per share estimate for Citizens Financial Group from $5.03 to $4.99, while maintaining a "Buy" rating and a target price of $59.00.
• Citizens Financial Group recently reported a quarterly earnings beat with $1.05 per share, exceeding expectations of $1.03, along with an increase in their dividend to $0.46 per share.
• Analysts have varied ratings for the stock, with a consensus rating of "Moderate Buy" and a price target averaging $56.57, while institutional investors hold nearly 95% of the company’s stock.

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Research analysts at DA Davidson reduced their FY2026 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 of $4.99 per share for the year, down from their prior estimate of $5.03. 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.

CFG has been the subject of a number of other reports. Morgan Stanley raised shares of Citizens Financial Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $53.00 to $71.00 in a report on Monday, September 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of Citizens Financial Group in a report on Wednesday, October 8th. Wall Street Zen raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. UBS Group increased their price target on shares of Citizens Financial Group from $57.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, October 7th. Finally, Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Citizens Financial Group in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.57.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $49.26 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $55.24. The firm has a fifty day moving average price of $51.37 and a two-hundred day moving average price of $45.22. The company has a market cap of $21.25 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.54 and a beta of 0.79.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.10 billion. During the same period in the prior year, the firm earned $0.79 EPS. The business's revenue was up 11.4% on a year-over-year basis.

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 paid a $0.46 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Citizens Financial Group's previous quarterly dividend of $0.42. Citizens Financial Group's dividend payout ratio is currently 47.06%.

Institutional Investors Weigh In On Citizens Financial Group

A number of hedge funds have recently made changes to their positions in CFG. State of Alaska Department of Revenue increased its position in shares of Citizens Financial Group by 1.9% during the 1st quarter. State of Alaska Department of Revenue now owns 51,214 shares of the bank's stock worth $2,098,000 after purchasing an additional 955 shares in the last quarter. Blue Trust Inc. increased its position in shares of Citizens Financial Group by 40.7% during the 1st quarter. Blue Trust Inc. now owns 9,609 shares of the bank's stock worth $394,000 after purchasing an additional 2,779 shares in the last quarter. GAM Holding AG acquired a new stake in shares of Citizens Financial Group during the 1st quarter worth about $1,281,000. Heartland Bank & Trust Co acquired a new stake in shares of Citizens Financial Group during the 1st quarter worth about $398,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Citizens Financial Group during the 1st quarter worth about $523,000. Institutional investors and hedge funds own 94.90% of the company's stock.

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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