Citizens Financial Group (NYSE:CFG) Announces Quarterly Earnings Results

Citizens Financial Group (NYSE:CFG) released its earnings results on Friday. The bank reported $0.85 earnings per share 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%. During the same period last year, the business earned $0.85 EPS.

Citizens Financial Group Trading Down 0.8 %

Citizens Financial Group stock opened at $46.73 on Friday. Citizens Financial Group has a 52 week low of $30.24 and a 52 week high of $49.25. The stock has a 50-day moving average price of $45.59 and a 200 day moving average price of $42.51. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.60%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CFG shares. DA Davidson upped their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Raymond James raised shares of Citizens Financial Group from a “market perform” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, December 18th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. The Goldman Sachs Group raised their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada upped their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.78.

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.