Stephens Reiterates Overweight Rating for Citizens Financial Group (NYSE:CFG)

Stephens reaffirmed their overweight rating on shares of Citizens Financial Group (NYSE:CFG) in a research note published on Wednesday,Benzinga reports. Stephens currently has a $53.00 price objective on the bank’s stock.

Other research analysts also recently issued research reports about the stock. Compass Point raised their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Finally, Truist Financial upped their target price on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $47.40 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group has a one year low of $30.24 and a one year high of $49.25. The business’s 50-day moving average price is $45.85 and its two-hundred day moving average price is $43.31. The company has a market capitalization of $20.89 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.83 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Analysts anticipate that Citizens Financial Group will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 3.54%. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Institutional Trading of Citizens Financial Group

Institutional investors have recently modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group in the third quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $28,000. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group during the 4th quarter worth about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Citizens Financial Group during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.