Citizens Financial Group (CFG) Scheduled to Post Earnings on Wednesday

Citizens Financial Group (NYSE:CFG) is set to post its quarterly earnings results before the market opens on Wednesday, April 17th. Analysts expect Citizens Financial Group to post earnings of $0.76 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.26). The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. Citizens Financial Group had a return on equity of 7.40% and a net margin of 13.19%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. On average, analysts expect Citizens Financial Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Citizens Financial Group Stock Performance

CFG opened at $32.99 on Tuesday. The stock has a market cap of $15.12 billion, a P/E ratio of 10.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $33.20 and its 200 day simple moving average is $30.50. Citizens Financial Group has a 1-year low of $22.77 and a 1-year high of $36.38.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio is currently 54.02%.

Insider Buying and Selling

In related news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total value of $151,198.32. Following the completion of the transaction, the insider now directly owns 43,885 shares in the company, valued at $1,471,902.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Citizens Financial Group

Large investors have recently bought and sold shares of the business. Gilbert & Cook Inc. bought a new position in Citizens Financial Group in the fourth quarter worth about $214,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $212,000. Atria Wealth Solutions Inc. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $206,000. Brown Brothers Harriman & Co. raised its holdings in Citizens Financial Group by 53.4% during the first quarter. Brown Brothers Harriman & Co. now owns 3,957 shares of the bank’s stock worth $179,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Citizens Financial Group by 50.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,296 shares of the bank’s stock worth $176,000 after purchasing an additional 1,766 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CFG shares. Jefferies Financial Group upped their price target on Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, April 8th. StockNews.com cut Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. The Goldman Sachs Group increased their target price on Citizens Financial Group from $31.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 18th. TheStreet raised Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $35.88.

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.