Citizens Financial Group (NYSE:CFG – Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01), RTT News reports. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year.
Citizens Financial Group Stock Up 3.4 %
NYSE:CFG opened at $40.93 on Thursday. Citizens Financial Group has a one year low of $22.77 and a one year high of $41.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $18.62 billion, a PE ratio of 14.83, a P/E/G ratio of 1.50 and a beta of 1.10. The firm’s 50 day simple moving average is $35.69 and its 200 day simple moving average is $34.16.
Citizens Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio is currently 60.87%.
Insider Buying and Selling at Citizens Financial Group
Analyst Upgrades and Downgrades
CFG has been the subject of several research reports. Morgan Stanley lifted their price target on Citizens Financial Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday. Evercore ISI boosted their target price on shares of Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Jefferies Financial Group raised their price target on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, Argus raised their target price on Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $38.00.
Read Our Latest Research Report on CFG
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.
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