Citizens Financial Group (NYSE:CFG) Announces Earnings Results, Beats Expectations By $0.02 EPS

Citizens Financial Group (NYSE:CFG) issued its quarterly earnings data on Friday. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02, Zacks reports. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. During the same period in the previous year, the firm posted $0.85 EPS.

Citizens Financial Group Price Performance

NYSE:CFG opened at $46.73 on Friday. The firm has a market capitalization of $20.59 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.29 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The business has a 50 day simple moving average of $45.59 and a 200-day simple moving average of $42.51. Citizens Financial Group has a 1 year low of $30.24 and a 1 year high of $49.25.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.60%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CFG. The Goldman Sachs Group raised their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Citigroup lifted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Piper Sandler lifted their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Evercore ISI dropped their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.78.

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.