Q4 2024 EPS Estimates for Citizens Financial Group, Inc. (NYSE:CFG) Lowered by Wedbush

Citizens Financial Group, Inc. (NYSE:CFG) – Stock analysts at Wedbush dropped their Q4 2024 EPS estimates for shares of Citizens Financial Group in a note issued to investors on Wednesday, March 27th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.95 for the quarter, down from their prior estimate of $0.98. Wedbush currently has a “Neutral” rating and a $35.00 target price on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.20 per share.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Barclays downgraded shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $38.00 to $40.00 in a report on Tuesday, January 2nd. UBS Group lifted their target price on shares of Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.63.

Citizens Financial Group Stock Up 1.3 %

Citizens Financial Group stock opened at $36.29 on Friday. The company has a market capitalization of $16.64 billion, a P/E ratio of 11.67 and a beta of 1.36. The firm’s fifty day simple moving average is $32.75 and its 200-day simple moving average is $29.80. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Citizens Financial Group has a 1-year low of $22.77 and a 1-year high of $36.35.

Institutional Trading of Citizens Financial Group

Institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC boosted its position in Citizens Financial Group by 100.8% in the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after buying an additional 496 shares in the last quarter. Groupama Asset Managment acquired a new position in Citizens Financial Group in the fourth quarter valued at about $27,000. Resurgent Financial Advisors LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at about $28,000. Clear Street Markets LLC boosted its position in Citizens Financial Group by 93.6% in the first quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock valued at $29,000 after buying an additional 466 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at about $33,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the sale, the insider now directly owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a $0.42 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.68 annualized dividend and a yield of 4.63%. Citizens Financial Group’s dividend payout ratio is 54.02%.

Citizens Financial Group Company Profile

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.