Basswood Capital Management L.L.C. Acquires 3,534 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Basswood Capital Management L.L.C. lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 820,700 shares of the bank’s stock after acquiring an additional 3,534 shares during the period. Citizens Financial Group accounts for approximately 1.7% of Basswood Capital Management L.L.C.’s holdings, making the stock its 17th biggest holding. Basswood Capital Management L.L.C. owned 0.19% of Citizens Financial Group worth $33,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group during the third quarter worth $28,000. Innealta Capital LLC purchased a new stake in shares of Citizens Financial Group in the second quarter valued at $25,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CFG. Barclays upped their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. DA Davidson raised their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Citigroup upped their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.47.

Citizens Financial Group Trading Down 0.0 %

Shares of NYSE:CFG opened at $48.14 on Monday. The company has a market capitalization of $21.22 billion, a PE ratio of 18.95, a P/E/G ratio of 1.83 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12-month low of $26.99 and a 12-month high of $49.25. The business’s fifty day simple moving average is $43.54 and its 200-day simple moving average is $40.26.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.49%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Citizens Financial Group 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.