Citizens Financial Group (NYSE:CFG) released its quarterly earnings results on Friday. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04, Bloomberg Earnings reports. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS.

Citizens Financial Group (NYSE CFG) opened at $46.82 on Friday. The firm has a market capitalization of $23,035.02, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group has a fifty-two week low of $31.51 and a fifty-two week high of $47.32.

In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Several analysts recently weighed in on the company. Deutsche Bank reissued a “hold” rating and set a $36.00 price target (up from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. Bank of America reissued an “underperform” rating and set a $40.00 price target (down from $41.00) on shares of Citizens Financial Group in a report on Monday, October 2nd. TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Citigroup reissued a “neutral” rating and set a $42.00 price target (up from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. Finally, Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Monday, September 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.46.

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About Citizens Financial Group

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.

Earnings History for Citizens Financial Group (NYSE:CFG)

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