Citizens Financial Group (NYSE:CFG) Releases Quarterly Earnings Results, Hits Estimates

Citizens Financial Group (NYSE:CFG) posted its quarterly earnings data on Friday. The bank reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73, Briefing.com reports. Citizens Financial Group had a net margin of 14.58% and a return on equity of 5.85%. During the same period in the previous year, the business earned $0.97 EPS.

Shares of CFG opened at $26.61 on Friday. The stock has a market cap of $11.36 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.37 and a beta of 1.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.91 and a current ratio of 0.95. Citizens Financial Group has a fifty-two week low of $14.12 and a fifty-two week high of $41.29. The firm’s 50-day simple moving average is $26.62 and its two-hundred day simple moving average is $24.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Wednesday, October 28th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.86%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.63%.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. DA Davidson assumed coverage on shares of Citizens Financial Group in a research report on Thursday, September 10th. They issued a “buy” rating and a $35.00 price objective on the stock. Bank of America increased their price target on shares of Citizens Financial Group from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. increased their price target on shares of Citizens Financial Group from $25.50 to $29.50 in a research report on Tuesday, October 6th. Finally, Royal Bank of Canada reduced their price target on shares of Citizens Financial Group from $35.00 to $29.00 in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $31.96.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Earnings History for Citizens Financial Group (NYSE:CFG)

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