Citizens Financial Group, Inc. (NYSE:CFG – Get Rating) – Equities research analysts at Jefferies Financial Group increased their Q2 2022 earnings estimates for Citizens Financial Group in a report issued on Monday, April 11th. Jefferies Financial Group analyst K. Usdin now anticipates that the bank will earn $1.09 per share for the quarter, up from their prior estimate of $1.07. Jefferies Financial Group also issued estimates for Citizens Financial Group’s Q3 2022 earnings at $1.22 EPS, Q4 2022 earnings at $1.29 EPS, FY2022 earnings at $4.50 EPS, Q1 2023 earnings at $1.23 EPS, Q2 2023 earnings at $1.34 EPS, Q4 2023 earnings at $1.44 EPS and FY2023 earnings at $5.40 EPS.
Citizens Financial Group (NYSE:CFG – Get Rating) last announced its earnings results on Wednesday, January 19th. The bank reported $1.26 EPS for the quarter, beating the consensus estimate of $1.16 by $0.10. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. Citizens Financial Group had a return on equity of 11.32% and a net margin of 33.19%. The company’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS.
Shares of NYSE:CFG opened at $41.23 on Tuesday. The company has a market cap of $17.40 billion, a P/E ratio of 7.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.90. Citizens Financial Group has a one year low of $39.56 and a one year high of $57.00. The business’s 50-day simple moving average is $49.06 and its 200 day simple moving average is $49.26.
Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in Citizens Financial Group during the 4th quarter valued at approximately $25,367,000. Mercer Global Advisors Inc. ADV boosted its position in Citizens Financial Group by 4.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 174,067 shares of the bank’s stock worth $8,178,000 after acquiring an additional 6,658 shares during the period. United Capital Financial Advisers LLC boosted its position in Citizens Financial Group by 6.9% during the 3rd quarter. United Capital Financial Advisers LLC now owns 39,154 shares of the bank’s stock worth $1,839,000 after acquiring an additional 2,528 shares during the period. Commonwealth Equity Services LLC boosted its position in Citizens Financial Group by 6.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 193,194 shares of the bank’s stock worth $9,128,000 after acquiring an additional 11,639 shares during the period. Finally, Spire Wealth Management boosted its position in Citizens Financial Group by 98.2% during the 4th quarter. Spire Wealth Management now owns 1,193 shares of the bank’s stock worth $56,000 after acquiring an additional 591 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, February 11th. Stockholders of record on Monday, January 31st were issued a $0.39 dividend. The ex-dividend date was Friday, January 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.78%. Citizens Financial Group’s dividend payout ratio (DPR) is 30.23%.
About Citizens Financial Group (Get Rating)
Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.
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