Zacks Research Weighs in on Citizens Financial Group, Inc.’s FY2026 Earnings (NYSE:CFG)

Citizens Financial Group, Inc. (NYSE:CFG) – Analysts at Zacks Research raised their FY2026 earnings estimates for shares of Citizens Financial Group in a report issued on Wednesday, May 8th. Zacks Research analyst R. Department now expects that the bank will post earnings per share of $4.27 for the year, up from their previous estimate of $4.17. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.23 per share.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.10). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. Citizens Financial Group’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS.

Other research analysts have also issued reports about the company. Jefferies Financial Group upped their price target on Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Piper Sandler raised shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $35.00 to $41.00 in a research report on Friday, April 26th. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. UBS Group boosted their price target on Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Morgan Stanley raised their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and a consensus target price of $37.73.

Citizens Financial Group Stock Up 0.2 %

NYSE:CFG traded up $0.08 during trading hours on Friday, hitting $36.10. 442,615 shares of the stock traded hands, compared to its average volume of 5,533,712. The firm has a 50 day moving average price of $34.43 and a 200 day moving average price of $31.53. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 13.05 and a beta of 1.12. Citizens Financial Group has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in Citizens Financial Group during the 4th quarter valued at about $1,959,000. Alps Advisors Inc. boosted its holdings in Citizens Financial Group by 32.5% during the third quarter. Alps Advisors Inc. now owns 12,212 shares of the bank’s stock worth $327,000 after purchasing an additional 2,992 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in Citizens Financial Group by 49.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank’s stock worth $42,970,000 after purchasing an additional 431,624 shares during the last quarter. abrdn plc grew its position in Citizens Financial Group by 66.0% in the 4th quarter. abrdn plc now owns 199,260 shares of the bank’s stock worth $6,603,000 after purchasing an additional 79,247 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. lifted its position in shares of Citizens Financial Group by 3,222.9% during the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank’s stock worth $31,168,000 after buying an additional 1,128,000 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Craig Jack Read sold 6,327 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $33.70, for a total value of $213,219.90. Following the completion of the sale, the insider now directly owns 37,558 shares in the company, valued at approximately $1,265,704.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by insiders.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is 60.87%.

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.