Zacks Research Brokers Boost Earnings Estimates for Citizens Financial Group, Inc. (NYSE:CFG)

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Zacks Research upped their FY2026 earnings per share estimates for shares of Citizens Financial Group in a research report issued to clients and investors on Wednesday, May 8th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $4.27 for the year, up from their previous estimate of $4.17. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.23 per share.

CFG has been the subject of several other reports. Wedbush dropped their price target on Citizens Financial Group from $38.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. Citigroup upped their target price on Citizens Financial Group from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Piper Sandler raised Citizens Financial Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $35.00 to $41.00 in a report on Friday, April 26th. Jefferies Financial Group increased their price target on Citizens Financial Group from $35.00 to $36.00 and gave the company a "hold" rating in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $35.00 to $39.00 and gave the stock a "market perform" rating in a report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Citizens Financial Group presently has an average rating of "Hold" and an average target price of $37.73.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded up $0.04 during trading on Friday, reaching $36.06. The company had a trading volume of 5,137,825 shares, compared to its average volume of 5,597,702. The stock has a market capitalization of $16.41 billion, a PE ratio of 13.07 and a beta of 1.12. The stock has a 50-day moving average price of $34.43 and a two-hundred day moving average price of $31.53. Citizens Financial Group has a twelve month low of $22.77 and a twelve month high of $36.38. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The firm's quarterly revenue was down 7.9% compared to the same quarter last year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.42 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.66%. Citizens Financial Group's dividend payout ratio is 60.87%.

Insider Activity

In related news, insider Craig Jack Read sold 4,508 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the transaction, the insider now owns 43,885 shares of the company's stock, valued at $1,471,902.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Citizens Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFG. Larson Financial Group LLC acquired a new stake in shares of Citizens Financial Group in the fourth quarter worth $33,000. Quarry LP boosted its stake in Citizens Financial Group by 183.1% during the fourth quarter. Quarry LP now owns 1,104 shares of the bank's stock worth $37,000 after buying an additional 714 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Citizens Financial Group during the third quarter worth $40,000. CVA Family Office LLC acquired a new stake in Citizens Financial Group during the fourth quarter worth $40,000. Finally, Blue Trust Inc. boosted its stake in Citizens Financial Group by 77.6% during the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank's stock worth $44,000 after buying an additional 574 shares in the last quarter. 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.