Citizens Financial Group (CFG) Upgraded by Sandler O’Neill to “Buy”

Sandler O’Neill upgraded shares of Citizens Financial Group (NYSE:CFG) from a hold rating to a buy rating in a research report sent to investors on Monday, MarketBeat.com reports.

CFG has been the topic of a number of other research reports. Royal Bank of Canada reiterated a hold rating and issued a $45.00 target price on shares of Citizens Financial Group in a research report on Sunday, January 21st. Zacks Investment Research cut shares of Citizens Financial Group from a hold rating to a sell rating in a research report on Tuesday, April 3rd. Deutsche Bank raised shares of Citizens Financial Group from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Tuesday, April 3rd. Barclays raised 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 report on Tuesday, January 2nd. Finally, ValuEngine raised shares of Citizens Financial Group from a hold rating to a buy rating in a report on Wednesday, March 7th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $43.77.

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Shares of NYSE:CFG opened at $42.51 on Monday. The firm has a market capitalization of $20,457.91, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.70 and a beta of 1.40. Citizens Financial Group has a 52 week low of $31.51 and a 52 week high of $48.23. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 0.98.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, April 20th. The bank reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. equities analysts forecast that Citizens Financial Group will post 3.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Wednesday, May 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, May 1st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 34.11%.

A number of institutional investors have recently made changes to their positions in CFG. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Citizens Financial Group by 7.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,120 shares in the last quarter. Pitcairn Co. boosted its stake in shares of Citizens Financial Group by 8.9% during the 4th quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock valued at $606,000 after purchasing an additional 1,182 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in shares of Citizens Financial Group by 6.5% during the 4th quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 1,532 shares in the last quarter. Intrust Bank NA boosted its stake in shares of Citizens Financial Group by 17.6% during the 4th quarter. Intrust Bank NA now owns 10,735 shares of the bank’s stock valued at $450,000 after purchasing an additional 1,604 shares in the last quarter. Finally, BKD Wealth Advisors LLC boosted its stake in shares of Citizens Financial Group by 16.2% during the 4th quarter. BKD Wealth Advisors LLC now owns 12,715 shares of the bank’s stock valued at $534,000 after purchasing an additional 1,770 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Analyst Recommendations for Citizens Financial Group (NYSE:CFG)

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