Zacks Research Has Bullish Forecast for CFG Q3 Earnings

Citizens Financial Group, Inc. (NYSE:CFG) – Investment analysts at Zacks Research boosted their Q3 2026 EPS estimates for shares of Citizens Financial Group in a research note issued on Thursday, October 9th. Zacks Research analyst Team now expects that the bank will earn $1.22 per share for the quarter, up from their previous forecast of $1.20. The consensus estimate for Citizens Financial Group’s current full-year earnings is $3.92 per share. Zacks Research also issued estimates for Citizens Financial Group’s Q4 2026 earnings at $1.34 EPS, FY2026 earnings at $4.68 EPS, Q1 2027 earnings at $1.40 EPS, Q2 2027 earnings at $1.41 EPS and Q3 2027 earnings at $1.49 EPS.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, July 17th. The bank reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company posted $0.82 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.

Several other analysts also recently weighed in on the stock. DA Davidson lifted their target price on shares of Citizens Financial Group from $49.00 to $55.00 and gave the company a “buy” rating in a report on Friday, July 18th. 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 for the company in a research report on Wednesday, July 9th. Cantor Fitzgerald started coverage on shares of Citizens Financial Group in a report on Wednesday, September 10th. They issued an “overweight” rating and a $61.00 price target on the stock. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the stock a “strong-buy” rating in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Citizens Financial Group in a research report on Wednesday. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.86.

Citizens Financial Group Price Performance

Shares of CFG opened at $49.25 on Friday. The firm’s fifty day simple moving average is $51.06 and its 200-day simple moving average is $44.82. Citizens Financial Group has a twelve month low of $32.60 and a twelve month high of $55.24. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.57 and a beta of 0.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CFG. Norges Bank bought a new stake in Citizens Financial Group during the 2nd quarter worth about $253,423,000. AustralianSuper Pty Ltd bought a new stake in shares of Citizens Financial Group in the 1st quarter valued at about $108,864,000. HoldCo Asset Management LP bought a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $93,361,000. Marshall Wace LLP bought a new stake in Citizens Financial Group during the 2nd quarter worth approximately $67,492,000. Finally, Assetmark Inc. increased its stake in Citizens Financial Group by 11,167.0% during the 1st quarter. Assetmark Inc. now owns 1,347,537 shares of the bank’s stock worth $55,209,000 after purchasing an additional 1,335,577 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group announced that its board has initiated a share repurchase program on Friday, June 13th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the bank to repurchase up to 8.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 51.06%.

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.