Citizens Financial Group (NYSE:CFG – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79, Briefing.com reports. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year.
Citizens Financial Group Price Performance
NYSE CFG opened at $42.42 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The company has a 50 day simple moving average of $41.22 and a 200-day simple moving average of $37.97. Citizens Financial Group has a 52-week low of $22.77 and a 52-week high of $44.39.
Citizens Financial Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.96%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.
Analysts Set New Price Targets
View Our Latest Stock Report on Citizens Financial Group
Insider Activity at Citizens Financial Group
In other news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by insiders.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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