Citizens Financial Group (NYSE: CFG) recently received a number of ratings updates from brokerages and research firms:

  • 8/7/2017 – Citizens Financial Group was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 7/28/2017 – Citizens Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Citizens Financial’s shares have outperformed the industry over the last six months. The company surpassed the Zacks Consensus Estimate in second-quarter 2017. The results benefited from increased revenues and loan growth, partially offset by higher expenses. It remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance further. The company also launched TOP IV initiatives which are expected to achieve pre-tax benefit of $90-$105 million by the end of 2018. Following the three Fed rate hikes since Dec 2016, margin pressure seems to be easing. Also, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow further as the U.S. economy is gaining traction. Though, higher costs resulting from pending legal hassles remain a major concern, Citizens Financial’s steady capital deployment activities continue to boost its shareholders confidence.”
  • 7/27/2017 – Citizens Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Citizens Financial’s shares have outperformed the industry over the last six months. The company surpassed the Zacks Consensus Estimate in second-quarter 2017. The results benefited from increased revenues and loan growth, partially offset by higher expenses. It remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance further. The company also launched TOP IV initiatives which are expected to achieve pre-tax benefit of $90-$105 million by the end of 2018. Following the three Fed rate hikes since Dec 2016, margin pressure seems to be easing. Also, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow further as the U.S. economy is gaining traction. However, higher costs resulting from pending legal hassles remain a major concern for Citizens Financial.”
  • 7/25/2017 – Citizens Financial Group had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $39.00 price target on the stock, up previously from $38.00.
  • 7/25/2017 – Citizens Financial Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/19/2017 – Citizens Financial Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/8/2017 – Citizens Financial Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/5/2017 – Citizens Financial Group had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
  • 7/4/2017 – Citizens Financial Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Citizens Financial’s shares outperformed the Zacks categorized Savings & Loan industry over the last six months. It remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance. Following the three Fed rate hikes since Dec 2016, margin pressure seems to be easing. Notably, the approval of Financial Choice Act is likely to support improvement in profitability going forward. Also, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow further as the U.S. economy is gaining traction. Though, higher costs resulting from pending legal hassles remains major concern, approval of Citizens Financial’s 2017 Capital Plan reflects its financial stability.”
  • 6/26/2017 – Citizens Financial Group was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 6/22/2017 – Citizens Financial Group had its “hold” rating reaffirmed by analysts at Citigroup Inc.. They wrote, “We recently had the opportunity to spend time with CEO Bruce Van Saun, CFO John Woods, Vice Chairman and Head of Commercial Banking Don McCree, Vice Chairman of Consumer Banking Brad Conner and Chief Risk Officer Malcolm Griggs. It was a great opportunity to focus on the medium/longer term strategy. On this front we walked away feeling more confident that there is a significant amount of latent growth potential left at CFG. In our minds the capital markets execution in 1Q17 was a harbinger of executing on this potential across the platform. It doesn’t guarantee success, but our view is that the next chapter of the story doesn’t just end with the company hitting a 10%+ ROTCE and looking like other regional banks.””
  • 6/22/2017 – Citizens Financial Group had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/21/2017 – Citizens Financial Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Citizens Financial’s shares outperformed the Zacks categorized Savings & Loan industry over the last six months. It remains on track to implement TOP III efficiency initiatives, which are expected to boost earnings performance. Following the three Fed rate hikes since Dec 2016, margin pressure seems to be easing. Notably, the approval of Financial Choice Act is likely to support improvement in profitability going forward. Also, the company continues to benefit from improving loans and deposit balances, and is well positioned to grow further as the U.S. economy is gaining traction. However, higher costs resulting from pending legal hassles remains major concern for the company.”

Citizens Financial Group, Inc. (NYSE CFG) traded down 0.53% during midday trading on Friday, hitting $33.53. 1,084,237 shares of the company traded hands. The company has a market cap of $16.79 billion, a PE ratio of 14.32 and a beta of 1.31. The stock has a 50 day moving average price of $35.58 and a 200-day moving average price of $35.94. Citizens Financial Group, Inc. has a 12-month low of $22.96 and a 12-month high of $39.75.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Citizens Financial Group had a return on equity of 6.08% and a net margin of 19.86%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Analysts expect that Citizens Financial Group, Inc. will post $2.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, July 31st. This represents a $0.72 annualized dividend and a yield of 2.14%. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.14. Citizens Financial Group’s dividend payout ratio is presently 30.64%.

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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