Citizens Financial Group (NYSE:CFG – Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79, Briefing.com reports. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS.
Citizens Financial Group Trading Down 0.6 %
Citizens Financial Group stock opened at $42.14 on Friday. Citizens Financial Group has a one year low of $22.77 and a one year high of $44.39. The stock has a market cap of $19.17 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a 50-day moving average of $41.27 and a two-hundred day moving average of $38.00.
Citizens Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.99%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.
Insider Transactions at Citizens Financial Group
Wall Street Analyst Weigh In
A number of research analysts have recently commented on CFG shares. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Barclays increased their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group upped their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Stephens boosted their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group raised their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Hold” and an average target price of $43.80.
Read Our Latest Stock Report on CFG
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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