Citizens Financial Group Inc (NYSE:CFG) – Oppenheimer issued their Q4 2018 EPS estimates for shares of Citizens Financial Group in a report released on Tuesday. Oppenheimer analyst B. Chittenden forecasts that the bank will earn $0.84 per share for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Citizens Financial Group’s FY2019 earnings at $3.69 EPS.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $0.52 earnings per share. Citizens Financial Group’s quarterly revenue was up 4.6% compared to the same quarter last year.

CFG has been the subject of several other reports. Barclays increased their price objective on Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Citigroup reiterated a “neutral” rating and set a $42.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Bank of America reiterated an “underperform” rating and set a $40.00 price objective (down from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Finally, Deutsche Bank restated a “hold” rating and issued a $36.00 target price (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $41.46.

Citizens Financial Group (CFG) traded up $0.49 during trading on Thursday, reaching $43.17. The company’s stock had a trading volume of 6,281,100 shares, compared to its average volume of 5,677,050. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group has a 1 year low of $31.51 and a 1 year high of $43.29. The firm has a market capitalization of $21,490.00, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.01 and a beta of 1.37.

A number of institutional investors and hedge funds have recently modified their holdings of CFG. Sun Life Financial INC boosted its holdings in Citizens Financial Group by 41,266.7% during the second quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock worth $133,000 after buying an additional 3,714 shares during the last quarter. Lipe & Dalton bought a new position in Citizens Financial Group during the third quarter worth about $207,000. Colony Group LLC bought a new position in Citizens Financial Group during the second quarter worth about $210,000. Courier Capital LLC bought a new position in Citizens Financial Group during the second quarter worth about $214,000. Finally, Quotient Investors LLC bought a new position in Citizens Financial Group during the third quarter worth about $227,000. Hedge funds and other institutional investors own 98.48% of the company’s stock.

In related news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at $520,684.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.

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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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