Citizens Financial Group, Inc. (NYSE:CFG) – Investment analysts at Wedbush upped their Q3 2017 earnings per share estimates for shares of Citizens Financial Group in a research note issued on Sunday. Wedbush analyst P. Winter now anticipates that the bank will post earnings per share of $0.65 for the quarter, up from their previous estimate of $0.63. Wedbush has a “Outperform” rating and a $41.00 price objective on the stock. Wedbush also issued estimates for Citizens Financial Group’s Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.56 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.77 EPS and FY2018 earnings at $2.88 EPS.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis.

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A number of other research analysts have also issued reports on the stock. BidaskClub lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Deutsche Bank AG reiterated a “hold” rating on shares of Citizens Financial Group in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, July 4th. TheStreet lowered shares of Citizens Financial Group from a “b-” rating to a “c” rating in a research note on Monday, June 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.25.

Shares of Citizens Financial Group (NYSE CFG) opened at 35.45 on Tuesday. The stock’s 50 day moving average price is $35.81 and its 200-day moving average price is $35.99. The firm has a market capitalization of $17.93 billion, a PE ratio of 15.14 and a beta of 1.33. Citizens Financial Group has a 52-week low of $21.91 and a 52-week high of $39.75.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wallington Asset Management LLC raised its position in shares of Citizens Financial Group by 0.6% in the second quarter. Wallington Asset Management LLC now owns 125,260 shares of the bank’s stock valued at $4,469,000 after buying an additional 690 shares during the last quarter. Financial Architects Inc raised its position in shares of Citizens Financial Group by 28.4% in the second quarter. Financial Architects Inc now owns 9,085 shares of the bank’s stock valued at $324,000 after buying an additional 2,009 shares during the last quarter. BB&T Corp raised its position in shares of Citizens Financial Group by 19.1% in the second quarter. BB&T Corp now owns 158,066 shares of the bank’s stock valued at $5,639,000 after buying an additional 25,353 shares during the last quarter. Oakbrook Investments LLC raised its position in shares of Citizens Financial Group by 44.8% in the second quarter. Oakbrook Investments LLC now owns 32,570 shares of the bank’s stock valued at $1,162,000 after buying an additional 10,070 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Citizens Financial Group by 18.7% in the second quarter. US Bancorp DE now owns 47,736 shares of the bank’s stock valued at $1,703,000 after buying an additional 7,518 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Citizens Financial Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that authorizes the company to buyback $850.00 million in outstanding shares. This buyback authorization authorizes the bank to repurchase up to 4.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd will be given a dividend of $0.18 per share. 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 yield of 2.03%. The ex-dividend date of this dividend is Monday, July 31st. Citizens Financial Group’s dividend payout ratio is presently 23.83%.

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.

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

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