Stieven Capital Advisors L.P. Acquires 40,800 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Stieven Capital Advisors L.P. lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 429,980 shares of the bank's stock after buying an additional 40,800 shares during the period. Citizens Financial Group makes up approximately 3.4% of Stieven Capital Advisors L.P.'s holdings, making the stock its 7th largest position. Stieven Capital Advisors L.P. owned approximately 0.10% of Citizens Financial Group worth $17,616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Salzhauer Michael lifted its position in Citizens Financial Group by 1,034.7% during the 4th quarter. Salzhauer Michael now owns 179,301 shares of the bank's stock worth $7,846,000 after acquiring an additional 163,500 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth $6,906,000. Daiwa Securities Group Inc. lifted its holdings in shares of Citizens Financial Group by 6.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 58,432 shares of the bank's stock worth $2,557,000 after purchasing an additional 3,388 shares during the period. Sequoia Financial Advisors LLC increased its stake in Citizens Financial Group by 22.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 22,876 shares of the bank's stock valued at $1,001,000 after buying an additional 4,205 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Citizens Financial Group by 11.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,633 shares of the bank's stock worth $159,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. TD Cowen initiated 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. Piper Sandler dropped their target price on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Truist Financial cut their target price on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Citigroup restated a "buy" rating and issued a $57.00 price target (up from $51.00) on shares of Citizens Financial Group in a research note on Wednesday, July 2nd. Finally, Morgan Stanley cut their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a report 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. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $49.32.

Citizens Financial Group Stock Down 0.6%

CFG stock opened at $47.63 on Friday. The company has a 50 day moving average price of $42.14 and a two-hundred day moving average price of $42.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a market capitalization of $20.82 billion, a P/E ratio of 15.12, a PEG ratio of 0.81 and a beta of 0.76. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.84% and a net margin of 12.76%. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group announced that its board has initiated a share repurchase plan on Friday, June 13th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the bank to repurchase up to 8.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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 paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's dividend payout ratio is currently 53.33%.

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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