FY2024 EPS Estimates for Citizens Financial Group, Inc. Boosted by Zacks Research (NYSE:CFG)

Citizens Financial Group, Inc. (NYSE:CFG) – Zacks Research boosted their FY2024 EPS estimates for shares of Citizens Financial Group in a research report issued to clients and investors on Wednesday, September 25th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $3.14 for the year, up from their previous estimate of $2.96. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.24 per share. Zacks Research also issued estimates for Citizens Financial Group’s Q2 2025 earnings at $0.90 EPS, FY2025 earnings at $3.74 EPS, Q2 2026 earnings at $1.13 EPS and FY2026 earnings at $4.43 EPS.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS.

A number of other equities research analysts have also weighed in on CFG. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. DA Davidson boosted their target price on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Royal Bank of Canada raised their price target on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Evercore ISI boosted their price objective on Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, Morgan Stanley increased their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.20.

Citizens Financial Group Stock Up 0.7 %

Shares of CFG opened at $40.80 on Friday. Citizens Financial Group has a 1 year low of $22.77 and a 1 year high of $43.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a 50 day simple moving average of $41.18 and a two-hundred day simple moving average of $37.30. The firm has a market cap of $18.56 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.43 and a beta of 1.08.

Institutional Investors Weigh In On Citizens Financial Group

Several institutional investors have recently modified their holdings of CFG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after purchasing an additional 20,649 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Citizens Financial Group by 101.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after purchasing an additional 383,947 shares during the period. Duality Advisers LP purchased a new position in shares of Citizens Financial Group in the first quarter worth approximately $1,180,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Citizens Financial Group during the fourth quarter valued at approximately $5,965,000. Finally, Lloyd Advisory Services LLC. bought a new position in Citizens Financial Group in the first quarter worth approximately $930,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a $0.42 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.12%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

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.