Citizens Financial Group (NYSE:CFG – Get Free Report) posted its quarterly earnings data on Wednesday. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79, Briefing.com reports. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS.
Citizens Financial Group Stock Up 0.3 %
CFG traded up $0.12 on Friday, reaching $42.25. The company’s stock had a trading volume of 1,058,609 shares, compared to its average volume of 5,365,816. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. Citizens Financial Group has a 1 year low of $22.77 and a 1 year high of $44.39. 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 business’s 50 day moving average is $41.27 and its 200 day moving average is $38.00.
Citizens Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.
Insider Activity at Citizens Financial Group
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on CFG shares. Morgan Stanley increased their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. 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. Piper Sandler increased their target price on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Finally, DA Davidson increased their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.80.
Get Our Latest Report on Citizens Financial Group
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.
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