DA Davidson Has Positive Outlook of CFG FY2025 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Stock analysts at DA Davidson lifted their FY2025 earnings estimates for Citizens Financial Group in a research report issued to clients and investors on Monday, January 20th. DA Davidson analyst P. Winter now anticipates that the bank will earn $4.89 per share for the year, up from their prior estimate of $3.89. DA Davidson currently has a “Buy” rating and a $48.00 target price on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.85 per share.

A number of other equities analysts also recently commented on CFG. The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Evercore ISI decreased their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Raymond James reissued a “strong-buy” rating and issued a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Compass Point increased their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Stock Up 1.7 %

CFG opened at $48.34 on Wednesday. The company has a market capitalization of $21.30 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s fifty day moving average price is $45.66 and its two-hundred day moving average price is $42.79. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1,962,330 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS.

Institutional Investors Weigh In On Citizens Financial Group

A number of institutional investors have recently made changes to their positions in the stock. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group in the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group in the third quarter valued at approximately $48,000. Finally, Friedenthal Financial acquired a new position in shares of Citizens Financial Group in the third quarter valued at approximately $50,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

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.