Stephens Reaffirms Overweight Rating for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group (NYSE:CFG)‘s stock had its “overweight” rating restated by analysts at Stephens in a note issued to investors on Wednesday,Benzinga reports. They currently have a $53.00 price objective on the bank’s stock. Stephens’ price objective suggests a potential upside of 9.58% from the company’s previous close.

CFG has been the subject of a number of other research reports. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Piper Sandler boosted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. DA Davidson raised their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Barclays boosted their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Trading Up 1.6 %

NYSE:CFG opened at $48.37 on Wednesday. Citizens Financial Group has a 12 month low of $30.24 and a 12 month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $45.82 and its 200 day moving average is $43.28. The stock has a market capitalization of $21.31 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Sell-side analysts expect that Citizens Financial Group will post 3.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CFG. My Legacy Advisors LLC boosted its holdings in shares of Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group boosted its stake in Citizens Financial Group by 3.3% in the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after buying an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 246 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after acquiring an additional 247 shares in the last quarter. Finally, Commerce Bank lifted its holdings in shares of Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after acquiring an additional 250 shares during the last quarter. Institutional investors 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.