FY2025 Earnings Forecast for CFG Issued By DA Davidson

Citizens Financial Group, Inc. (NYSE:CFG - Free Report) - DA Davidson decreased their FY2025 earnings estimates for shares of Citizens Financial Group in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $3.84 per share for the year, down from their prior forecast of $3.89. The consensus estimate for Citizens Financial Group's current full-year earnings is $3.92 per share. DA Davidson also issued estimates for Citizens Financial Group's FY2026 earnings at $4.92 EPS.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company's revenue for the quarter was down .1% compared to the same quarter last year.

A number of other equities analysts have also recently commented on the stock. Barclays lifted their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Stephens reaffirmed an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Citigroup reduced their price target on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their price objective on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Truist Financial reduced their target price on Citizens Financial Group from $54.00 to $51.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.06.

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Citizens Financial Group Trading Up 0.8 %

CFG stock traded up $0.29 during mid-day trading on Thursday, reaching $35.13. 1,856,398 shares of the stock traded hands, compared to its average volume of 4,441,015. Citizens Financial Group has a one year low of $32.06 and a one year high of $49.25. The stock has a market capitalization of $15.36 billion, a PE ratio of 11.57, a PEG ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50-day moving average price of $43.52 and a two-hundred day moving average price of $44.05.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.78%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is 55.45%.

Institutional Trading of Citizens Financial Group

A number of hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. purchased a new stake in shares of Citizens Financial Group during the 3rd quarter worth $209,000. CreativeOne Wealth LLC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at about $227,000. Public Sector Pension Investment Board boosted its holdings in shares of Citizens Financial Group by 1.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 78,414 shares of the bank's stock valued at $3,220,000 after buying an additional 1,300 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Citizens Financial Group by 6.0% in the 3rd quarter. Captrust Financial Advisors now owns 102,579 shares of the bank's stock worth $4,213,000 after buying an additional 5,842 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Citizens Financial Group during the third quarter worth $2,107,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

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.