Zacks Research Has Positive Estimate for CFG FY2025 Earnings

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Research analysts at Zacks Research upped their FY2025 earnings estimates for shares of Citizens Financial Group in a report issued on Wednesday, May 7th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $3.69 for the year, up from their prior forecast of $3.67. 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 $1.19 EPS, Q4 2026 earnings at $1.31 EPS, FY2026 earnings at $4.64 EPS and FY2027 earnings at $6.35 EPS.

A number of other research analysts have also recently commented on CFG. Citigroup decreased their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Truist Financial decreased their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada lowered their price objective on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. DA Davidson cut their target price on Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their price target on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Citizens Financial Group Trading Down 0.6%

Shares of NYSE CFG traded down $0.27 during mid-day trading on Monday, reaching $41.60. 3,571,386 shares of the company's stock were exchanged, compared to its average volume of 4,816,820. The company's 50-day moving average is $38.41 and its 200-day moving average is $43.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.81 and a beta of 0.74. Citizens Financial Group has a 52-week low of $32.60 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results 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. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion.

Institutional Investors Weigh In On Citizens Financial Group

Large investors have recently modified their holdings of the company. Capital World Investors boosted its position in shares of Citizens Financial Group by 3.3% during the 4th quarter. Capital World Investors now owns 35,900,115 shares of the bank's stock worth $1,570,989,000 after acquiring an additional 1,131,838 shares in the last quarter. Geode Capital Management LLC boosted its stake in Citizens Financial Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 10,929,591 shares of the bank's stock valued at $477,043,000 after acquiring an additional 124,860 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Citizens Financial Group by 27.8% during the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock worth $462,547,000 after purchasing an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Citizens Financial Group by 7.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 10,380,605 shares of the bank's stock worth $425,293,000 after purchasing an additional 697,494 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Citizens Financial Group by 6.4% during the fourth quarter. Royal Bank of Canada now owns 6,247,238 shares of the bank's stock worth $273,378,000 after purchasing an additional 374,850 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.04%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 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.