Citizens Financial Group (CFG) Earns Media Impact Score of 0.38

Press coverage about Citizens Financial Group (NYSE:CFG) has trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Citizens Financial Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.251874415503 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several equities analysts have recently commented on the stock. ValuEngine raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 price objective for the company in a research note on Wednesday, May 30th. Finally, Morgan Stanley upped their price objective on shares of Citizens Financial Group from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.40.

Shares of NYSE:CFG opened at $41.43 on Tuesday. The stock has a market cap of $19.49 billion, a PE ratio of 16.06, a PEG ratio of 0.55 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. Citizens Financial Group has a 12 month low of $31.51 and a 12 month high of $48.23.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. Citizens Financial Group’s revenue was up 8.1% on a year-over-year basis. equities analysts anticipate that Citizens Financial Group will post 3.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were paid a $0.27 dividend. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.22. This represents a $1.08 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Tuesday, July 31st. Citizens Financial Group’s dividend payout ratio is presently 41.86%.

In related news, insider Randall J. Black sold 792 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total value of $32,860.08. Following the completion of the transaction, 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 legal filing with the SEC, which is available through this link. 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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