Citizens Financial Group (NYSE:CFG) Downgraded to “Hold” at Zacks Investment Research
Zacks Expense Investigation slice shares of Citizens Monetary Group (NYSE:CFG – Get Ranking) from a get score to a keep rating in a research report report printed on Tuesday morning, Zacks.com experiences. They currently have $51.00 price aim on the bank’s stock.
According to Zacks, “Shares of Citizens Economical have outperformed the sector in the previous 12 months. The company has an spectacular earnings shock record, owning outpaced the Zacks Consensus Estimate in all 4 trailing quarters. Recently, Citizens Economical released a new overdraft-totally free checking account to defend the buyers from overdraft and steer clear of overspending their cash. The enterprise also been given regulatory approvals essential from Fed for the acquisition of Traders Bancorp and expects to shut it by mid-April of 2022. Strong financial loan and deposit balances are possible to help the company’s financials. Having said that, soaring expenses and concentrated portfolio are main headwinds for the corporation. Although the Fed has increased curiosity charges and signaled extra hikes this calendar year, the all round lower desire rate environment is probable to continue to strain the bank’s margins.”
A quantity of other equities analysts have also commented on the stock. Morgan Stanley slice their rate aim on shares of Citizens Economical Team from $69.00 to $62.00 and set an chubby score on the stock in a report on Monday. Credit score Suisse Team boosted their price aim on shares of Citizens Financial Group from $48.00 to $50.00 and gave the inventory a neutral rating in a report on Monday, January 24th. Barclays boosted their value goal on shares of Citizens Fiscal Team from $55.00 to $62.00 in a report on Monday, January 3rd. Citigroup reissued a obtain ranking on shares of Citizens Monetary Group in a analysis report on Thursday, March 24th. At last, JPMorgan Chase & Co. boosted their target cost on shares of Citizens Economical Team from $56.50 to $57.00 and gave the inventory an obese score in a analysis report on Thursday, February 3rd. 4 investigate analysts have rated the inventory with a keep score and 10 have assigned a buy score to the company’s inventory. In accordance to data from MarketBeat.com, the inventory presently has a consensus ranking of Buy and a consensus target rate of $55.31.
NYSE:CFG opened at $48.64 on Tuesday. The corporation has a current ratio of .90, a swift ratio of .88 and a debt-to-fairness ratio of .32. The organization has a industry capitalization of $20.53 billion, a cost-to-earnings ratio of 9.43 and a beta of 1.48. The firm’s fifty day simple moving ordinary is $51.04 and its 200 working day straightforward shifting common is $49.35. Citizens Economic Group has a twelve month low of $39.56 and a twelve thirty day period significant of $57.00.
Citizens Fiscal Team (NYSE:CFG – Get Ranking) last posted its earnings benefits on Wednesday, January 19th. The financial institution reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $.10. The business had earnings of $1.72 billion for the quarter, in contrast to analyst estimates of $1.66 billion. Citizens Money Team experienced a web margin of 33.19% and a return on equity of 11.32%. The business’s quarterly income was up .8% on a calendar year-around-yr basis. For the duration of the identical quarter in the past 12 months, the organization posted $1.04 EPS. On common, analysts predict that Citizens Financial Team will publish 4.46 earnings for each share for the current year.
The firm also lately declared a quarterly dividend, which was paid on Friday, February 11th. Shareholders of file on Monday, January 31st were being compensated a dividend of $.39 for each share. This signifies a $1.56 dividend on an annualized foundation and a yield of 3.21%. The ex-dividend date was Friday, January 28th. Citizens Economic Group’s payout ratio is 30.23%.
Institutional buyers have not long ago purchased and bought shares of the organization. Worldwide Retirement Partners LLC boosted its stake in Citizens Financial Team by 70.4% in the course of the 3rd quarter. Worldwide Retirement Associates LLC now owns 576 shares of the bank’s stock valued at $27,000 immediately after obtaining an added 238 shares in the course of the time period. Spire Wealth Management lifted its stake in shares of Citizens Money Group by 148.8% in the 3rd quarter. Spire Wealth Management now owns 602 shares of the bank’s inventory value $28,000 just after obtaining an more 360 shares during the period. Kings Point Cash Management acquired a new stake in shares of Citizens Economic Team in the 3rd quarter truly worth somewhere around $33,000. Carolinas Prosperity Consulting LLC lifted its stake in shares of Citizens Fiscal Team by 37.4% in the 4th quarter. Carolinas Prosperity Consulting LLC now owns 772 shares of the bank’s stock truly worth $36,000 right after attaining an additional 210 shares for the duration of the period of time. Eventually, Mystic Asset Administration Inc. acquired a new stake in shares of Citizens Monetary Team in the 4th quarter worthy of somewhere around $37,000. 91.76% of the inventory is owned by hedge funds and other institutional investors.
Citizens Economic Team Corporation Profile (Get Ranking)
Citizens Financial Team, Inc engages in the provision of business banking products and services. It operates by way of the following segments: Purchaser Banking and Commercial Banking. The Purchaser Banking segment contains deposit solutions, mortgage loan and house equity lending, student loans, auto financing, credit playing cards, business loans, and prosperity management and expense providers.
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