DA Davidson Issues Pessimistic Forecast for CFG Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – DA Davidson reduced their FY2026 earnings estimates for shares of Citizens Financial Group in a note issued to investors on Thursday, October 16th. DA Davidson analyst P. Winter now forecasts that the bank will earn $4.99 per share for the year, down from their prior forecast of $5.03. DA Davidson currently has a “Buy” rating and a $59.00 target price on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year.

Several other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Wednesday, July 9th. Truist Financial dropped their price target on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Citizens Financial Group in a research report on Thursday. Wells Fargo & Company set a $57.00 price target on shares of Citizens Financial Group in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $48.50 to $52.00 in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $56.57.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $50.34 on Monday. Citizens Financial Group has a fifty-two week low of $32.60 and a fifty-two week high of $55.24. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The firm’s 50-day simple moving average is $51.43 and its 200 day simple moving average is $45.33.

Hedge Funds Weigh In On Citizens Financial Group

Hedge funds have recently modified their holdings of the company. StoneX Group Inc. grew its stake in Citizens Financial Group by 0.4% during the second quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock valued at $2,699,000 after acquiring an additional 213 shares in the last quarter. Brookstone Capital Management grew its stake in Citizens Financial Group by 2.9% during the second quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock valued at $336,000 after acquiring an additional 214 shares in the last quarter. Lynx Investment Advisory grew its stake in Citizens Financial Group by 2.8% during the second quarter. Lynx Investment Advisory now owns 8,961 shares of the bank’s stock valued at $401,000 after acquiring an additional 243 shares in the last quarter. Wealthspire Advisors LLC grew its stake in Citizens Financial Group by 2.3% during the second quarter. Wealthspire Advisors LLC now owns 11,570 shares of the bank’s stock valued at $518,000 after acquiring an additional 257 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Citizens Financial Group by 2.4% during the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $1.84 annualized dividend and a dividend yield of 3.7%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s payout ratio is 47.06%.

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.