Favorable Press Coverage Somewhat Unlikely to Affect Citizens Financial Group (CFG) Share Price
Media stories about Citizens Financial Group (NYSE:CFG) have been trending positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citizens Financial Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.6366336930869 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- The Bull Is Back in Citizens Financial Group (finance.yahoo.com)
- Unusual Activity Spotted in Citizens Financial Group Inc/Ri (CFG) (nismagazine.com)
- KBE, CMA, RF, CFG: Large Inflows Detected at ETF (nasdaq.com)
- Wendy A. Watson Sells 4,000 Shares of Citizens Financial Group Inc (CFG) Stock (americanbankingnews.com)
- Stocks With Rising Relative Price Strength: Citizens Financial (finance.yahoo.com)
Citizens Financial Group (CFG) traded up $0.31 during mid-day trading on Friday, hitting $41.74. The company’s stock had a trading volume of 3,051,161 shares, compared to its average volume of 4,669,378. Citizens Financial Group has a 1 year low of $31.51 and a 1 year high of $42.52. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market cap of $20,383.20, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.72%. Citizens Financial Group’s payout ratio is currently 29.15%.
A number of research analysts recently issued reports on the company. BidaskClub downgraded Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, December 4th. Deutsche Bank reiterated a “hold” rating and set a $36.00 target price (up previously from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. TheStreet upgraded Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Finally, Bank of America reiterated an “underperform” rating and set a $40.00 target price (down previously from $41.00) on shares of Citizens Financial Group in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Citizens Financial Group currently has an average rating of “Hold” and a consensus price target of $40.23.
In related news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the sale, the director now owns 12,917 shares in the company, valued at approximately $520,684.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.
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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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