Wedbush Issues Optimistic Estimate for CFG Earnings

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - Wedbush raised their Q1 2025 earnings per share (EPS) estimates for Citizens Financial Group in a research note issued to investors on Wednesday, October 16th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.88 for the quarter, up from their prior forecast of $0.86. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.22 per share. Wedbush also issued estimates for Citizens Financial Group's Q2 2025 earnings at $0.97 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.05 EPS and FY2025 earnings at $3.90 EPS.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.85 earnings per share. The company's revenue was down 5.6% on a year-over-year basis.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Stephens increased their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, July 19th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Monday, September 30th. Jefferies Financial Group raised their price objective on Citizens Financial Group from $36.00 to $37.00 and gave the company a "hold" rating in a research note on Wednesday, July 3rd. Finally, Morgan Stanley upped 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 report on Monday, August 5th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of "Hold" and a consensus target price of $43.80.

Citizens Financial Group Price Performance

Shares of CFG traded down $1.41 during mid-day trading on Monday, reaching $41.06. 6,356,841 shares of the stock traded hands, compared to its average volume of 5,393,859. The company has a market cap of $18.68 billion, a price-to-earnings ratio of 14.88, 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 firm has a fifty day moving average price of $41.33 and a 200 day moving average price of $38.09. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60.

Institutional Trading of Citizens Financial Group

A number of large investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. boosted its position in Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock valued at $84,000 after buying an additional 264 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in Citizens Financial Group by 3.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank's stock worth $292,000 after purchasing an additional 305 shares in the last quarter. ZWJ Investment Counsel Inc. increased its holdings in Citizens Financial Group by 0.3% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank's stock worth $3,648,000 after purchasing an additional 308 shares during the period. Abich Financial Wealth Management LLC raised its position in Citizens Financial Group by 11.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock valued at $117,000 after purchasing an additional 334 shares in the last quarter. Finally, Tealwood Asset Management Inc. lifted its holdings in shares of Citizens Financial Group by 0.8% in the 3rd quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank's stock worth $1,768,000 after buying an additional 360 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Insider Activity at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group 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 sale, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Announces Dividend

The business 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. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 4.09%. 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.