Citizens Financial Group (CFG) Earning Favorable Press Coverage, Analysis Shows
News coverage about Citizens Financial Group (NYSE:CFG) has trended positive on Saturday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Citizens Financial Group earned a coverage optimism score of 0.39 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.3160582195651 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Hottest Stocks Now: Mylan NV (NASDAQ:MYL), Citizens Financial Group, Inc. (NYSE:CFG), Garmin Ltd. (NASDAQ … (journalfinance.net)
- Citizens Financial Group, Inc. (CFG) moved -0.72% – Monthly Down Overview (nasdaqplace.com)
- Analysts Call Attention:: Citizens Financial Group, Inc., (NYSE: CFG), Nuance Communications, Inc., (NASDAQ: NUAN) (nysetradingnews.com)
- Notable Stocks Alert: Citizens Financial Group, Inc., (NYSE: CFG) (topstocksnews.com)
- Surprising Stocks: Citizens Financial Group, Inc., (NYSE: CFG) (topstocksnews.com)
A number of analysts have recently weighed in on CFG shares. Morgan Stanley upped their price target on shares of Citizens Financial Group from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, May 31st. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Friday, June 1st. Sandler O’Neill raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a research note on Monday, April 23rd. Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 price target for the company in a research note on Wednesday, May 30th. Finally, ValuEngine lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Citizens Financial Group has a consensus rating of “Hold” and a consensus price target of $46.40.
Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, July 20th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. Citizens Financial Group had a net margin of 26.72% and a return on equity of 7.59%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business earned $0.63 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. equities analysts predict that Citizens Financial Group will post 3.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, July 31st. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a yield of 2.65%. Citizens Financial Group’s dividend payout ratio is currently 41.86%.
In related news, insider Randall J. Black sold 792 shares of the stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total transaction of $32,860.08. Following the completion of the sale, the insider now directly owns 34,258 shares of the company’s stock, valued at $1,421,364.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.
About Citizens Financial Group
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.
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