Media headlines about Citizens Financial Group (NYSE:CFG) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Citizens Financial Group earned a news sentiment score of 0.41 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.5022832739563 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Arrowstreet Capital, Limited Partnership Adjusts Its Position in Citizens Financial Group, Inc. (CFG) - Modern Readers (modernreaders.com)
- The Fundamental Facts on Citizens Financial Group, Inc. (CFG) - StockNewsGazette (stocknewsgazette.com)
- DekaBank Deutsche Girozentrale Increases Stake in Citizens Financial Group, Inc. (NYSE:CFG) (vothemes.com)
- Citizens Financial Group, Inc. (CFG) Stock Rating Reaffirmed by BMO Capital Markets (expressnewsline.com)
- Citizens Financial Group, Inc. (CFG) has a value of $33.39 per share While Masco Corporation (MAS) is stand at $36.69 - Stocks Gallery (stocksgallery.com)
Shares of Citizens Financial Group (NYSE:CFG) traded up 0.76% during mid-day trading on Friday, reaching $33.06. 3,972,342 shares of the company’s stock were exchanged. The company’s 50 day moving average is $35.34 and its 200 day moving average is $35.81. Citizens Financial Group has a 1-year low of $23.20 and a 1-year high of $39.75. The stock has a market capitalization of $16.55 billion, a PE ratio of 14.12 and a beta of 1.31.
Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Citizens Financial Group had a net margin of 19.86% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Equities research analysts anticipate that Citizens Financial Group will post $2.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 2nd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, July 31st. Citizens Financial Group’s dividend payout ratio is 30.64%.
Citizens Financial Group announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that allows the company to repurchase $850.00 million in shares. This repurchase authorization allows the bank to repurchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Several analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating and set a $41.00 price objective (up from $40.00) on shares of Citizens Financial Group in a research report on Tuesday, June 6th. Wedbush upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $39.00 to $41.00 in a research report on Monday, May 1st. BMO Capital Markets restated a “market perform” rating and set a $39.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Citizens Financial Group in a research report on Saturday, April 22nd. Finally, Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.19.
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.
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