News coverage about Citizens Financial Group (NYSE:CFG) has been trending positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news 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 media sentiment score of 0.40 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.7700591697597 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Citizens Financial Group (NYSE CFG) opened at $44.72 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59. Citizens Financial Group has a 1-year low of $31.51 and a 1-year high of $48.23. The firm has a market cap of $21,627.94, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 0.73 and a beta of 1.39.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. sell-side analysts expect that Citizens Financial Group will post 3.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.97%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s dividend payout ratio (DPR) is presently 26.91%.
Several research analysts have recently commented on the stock. Oppenheimer reissued a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Barclays lifted their price target on shares of Citizens Financial Group from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. BMO Capital Markets upgraded shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $40.00 to $39.00 in a research note on Tuesday, December 19th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Citizens Financial Group in a research note on Sunday, January 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Citizens Financial Group presently has an average rating of “Hold” and an average target price of $42.36.
In other news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by company insiders.
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Citizens Financial Group Company Profile
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.
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