Citizens Financial Group (NYSE:CFG) Posts Earnings Results

Citizens Financial Group (NYSE:CFG - Get Free Report) released its quarterly earnings results on Friday. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.02, Zacks reports. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. During the same quarter last year, the company posted $0.85 earnings per share. The business's revenue was down .1% on a year-over-year basis.

Citizens Financial Group Trading Up 1.4 %

Shares of CFG stock traded up $0.65 during mid-day trading on Friday, hitting $47.45. 4,548,258 shares of the company's stock were exchanged, compared to its average volume of 3,866,589. The stock has a 50-day simple moving average of $45.59 and a two-hundred day simple moving average of $42.51. Citizens Financial Group has a fifty-two week low of $30.24 and a fifty-two week high of $49.25. The stock has a market cap of $20.91 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.29 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. Citizens Financial Group's payout ratio is 66.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CFG shares. Truist Financial assumed coverage on Citizens Financial Group in a research report on Tuesday, January 7th. They set a "hold" rating and a $49.00 target price on the stock. Evercore ISI dropped 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. Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. DA Davidson boosted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Citigroup increased their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $47.78.

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.