Research Analysts Set Expectations for CFG FY2025 Earnings

Key Points

• Zacks Research has raised its FY2025 earnings estimate for Citizens Financial Group to $3.77 per share, slightly above the previous estimate of $3.76.
• Multiple analysts have upgraded CFG's stock ratings, with a consensus target price of $51.53, reflecting a "Moderate Buy" sentiment from the market.
• Citizens Financial Group recently declared a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 3.5% and a payout ratio of 51.06%.

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Research analysts at Zacks Research boosted their FY2025 earnings per share estimates for Citizens Financial Group in a research report issued on Wednesday, August 13th. Zacks Research analyst R. Department now anticipates that the bank will earn $3.77 per share for the year, up from their prior estimate of $3.76. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.92 per share. Zacks Research also issued estimates for Citizens Financial Group's Q3 2026 earnings at $1.20 EPS and FY2027 earnings at $6.21 EPS.

Several other research firms also recently issued reports on CFG. Evercore ISI upgraded shares of Citizens Financial Group from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $48.00 to $55.00 in a research note on Friday, July 18th. Wells Fargo & Company set a $57.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, July 2nd. TD Cowen started coverage on shares of Citizens Financial Group in a research note on Thursday, May 15th. They issued a "buy" rating and a $57.00 price objective for the company. Wall Street Zen upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $48.50 to $52.00 in a research note on Friday, August 1st. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $51.53.

Citizens Financial Group Stock Down 0.4%

Shares of CFG stock traded down $0.19 on Thursday, reaching $48.36. 116,975 shares of the stock were exchanged, compared to its average volume of 4,816,263. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. Citizens Financial Group has a twelve month low of $32.60 and a twelve month high of $49.98. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 0.53 and a beta of 0.78. The business's 50 day moving average price is $45.77 and its 200 day moving average price is $42.74.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.04. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The company's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share.

Institutional Trading of Citizens Financial Group

Several large investors have recently added to or reduced their stakes in the stock. StoneX Group Inc. increased its stake in Citizens Financial Group by 0.4% during the 2nd quarter. StoneX Group Inc. now owns 60,307 shares of the bank's stock worth $2,699,000 after buying an additional 213 shares during the period. Brookstone Capital Management increased its position in shares of Citizens Financial Group by 2.9% in the 2nd quarter. Brookstone Capital Management now owns 7,497 shares of the bank's stock worth $336,000 after purchasing an additional 214 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Citizens Financial Group by 0.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 39,766 shares of the bank's stock worth $1,740,000 after purchasing an additional 224 shares during the last quarter. Lynx Investment Advisory increased its position in shares of Citizens Financial Group by 2.8% in the 2nd quarter. Lynx Investment Advisory now owns 8,961 shares of the bank's stock worth $401,000 after purchasing an additional 243 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Citizens Financial Group by 2.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 11,570 shares of the bank's stock worth $518,000 after purchasing an additional 257 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, July 31st. Citizens Financial Group's dividend payout ratio (DPR) is 51.06%.

Citizens Financial Group announced that its board has authorized a stock buyback program on Friday, June 13th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the bank to reacquire 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.

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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