Citizens Financial Group (CFG) Getting Positive News Coverage, Report Shows
News stories about Citizens Financial Group (NYSE:CFG) have been trending positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citizens Financial Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.9595514901358 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s scoring:
- Norges Bank Lowers Its Stake in Citizens Financial Group, Inc. (CFG) Last Quarter – First News 24 (firstnewspaper24.com)
- Citizens Financial Group Inc (CFG) Sees The Tape Move Mid-Market – Evergreen Caller (evergreencaller.com)
- Citizens Financial Group, Inc. (CFG) Holdings Up in Latest Report from Sumitomo Mitsui Trust Holdings, Inc. (highlightpress.com)
- Citizens Financial Group, Inc. (CFG) Declares Quarterly Dividend of $0.18 (expressnewsline.com)
- $1.43 Billion in Sales Expected for Citizens Financial Group, Inc. (CFG) This Quarter (americanbankingnews.com)
Citizens Financial Group (CFG) opened at 34.74 on Thursday. The company has a 50-day moving average price of $35.63 and a 200-day moving average price of $35.96. Citizens Financial Group has a 52 week low of $22.96 and a 52 week high of $39.75. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 14.83 and a beta of 1.31.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Citizens Financial Group will post $2.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 2nd will be issued a $0.18 dividend. The ex-dividend date is Monday, July 31st. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 2.06%. Citizens Financial Group’s payout ratio is 30.64%.
Citizens Financial Group declared that its board has approved a stock buyback plan on Wednesday, June 28th that allows the company to repurchase $850.00 million in shares. This repurchase authorization allows the bank to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
A number of research analysts have recently commented on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Citizens Financial Group in a research note on Saturday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $41.00 target price (up previously from $40.00) on shares of Citizens Financial Group in a research note on Tuesday, June 6th. Citigroup Inc. reissued a “hold” rating on shares of Citizens Financial Group in a research note on Friday, April 21st. Piper Jaffray Companies reissued a “neutral” rating and issued a $38.00 price objective (down previously from $40.00) on shares of Citizens Financial Group in a research note on Wednesday, April 12th. Finally, Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.19.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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