Equities Analysts Offer Predictions for CFG FY2027 Earnings

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Investment analysts at Zacks Research lowered their FY2027 earnings per share estimates for shares of Citizens Financial Group in a research report issued to clients and investors on Friday, June 27th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $6.28 for the year, down from their prior forecast of $6.35. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.92 per share.

Other analysts have also recently issued research reports about the stock. Citigroup reduced their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Morgan Stanley decreased their price target on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. DA Davidson reduced their target price on Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 17th. TD Cowen assumed coverage on shares of Citizens Financial Group in a research note on Thursday, May 15th. They set a "buy" rating and a $57.00 price target on the stock. Finally, Barclays cut their price target on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.89.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $44.52 on Monday. The stock has a fifty day moving average price of $40.10 and a 200 day moving average price of $42.05. Citizens Financial Group has a 1-year low of $32.60 and a 1-year high of $49.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.83. The company has a market cap of $19.46 billion, a PE ratio of 14.13, a P/E/G ratio of 0.76 and a beta of 0.75.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.84% and a net margin of 12.76%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.77%. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Citizens Financial Group announced that its board has approved a stock buyback program on Friday, June 13th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the bank to repurchase up to 8.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Institutional Trading of Citizens Financial Group

A number of large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new position in Citizens Financial Group in the 4th quarter valued at about $26,000. Grove Bank & Trust grew its holdings in shares of Citizens Financial Group by 97.1% during the first quarter. Grove Bank & Trust now owns 678 shares of the bank's stock worth $28,000 after buying an additional 334 shares in the last quarter. Colonial Trust Co SC raised its position in shares of Citizens Financial Group by 673.0% in the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock valued at $39,000 after buying an additional 774 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Citizens Financial Group by 143.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank's stock valued at $44,000 after buying an additional 634 shares during the period. Finally, NBT Bank N A NY purchased a new position in shares of Citizens Financial Group during the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 94.90% of the company's stock.

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.

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