Citizens Financial Group (NYSE:CFG) Earns Daily News Sentiment Score of 0.41

News coverage about Citizens Financial Group (NYSE:CFG) has been trending positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citizens Financial Group earned a news sentiment score of 0.41 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.3970125537247 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several equities analysts have recently commented on CFG shares. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday. Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $43.00 in a research note on Thursday. BidaskClub raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Keefe, Bruyette & Woods set a $40.00 target price on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, TheStreet raised shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.75.

Shares of Citizens Financial Group (NYSE CFG) traded up 1.09% during mid-day trading on Friday, reaching $35.16. 6,709,190 shares of the company’s stock traded hands. The stock has a market cap of $17.60 billion, a PE ratio of 15.01 and a beta of 1.32. Citizens Financial Group has a 12 month low of $23.81 and a 12 month high of $39.75. The firm has a 50 day moving average price of $33.99 and a 200-day moving average price of $35.35.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, analysts predict that Citizens Financial Group will post $2.53 earnings per share for the current fiscal year.

Citizens Financial Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $850.00 million in shares. This buyback authorization authorizes the bank to purchase up to 4.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, August 2nd were paid a dividend of $0.18 per share. The ex-dividend date was Monday, July 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.05%. Citizens Financial Group’s payout ratio is 30.64%.

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About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Insider Buying and Selling by Quarter for Citizens Financial Group (NYSE:CFG)

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