Intrust Bank NA Purchases 4,399 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Intrust Bank NA increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,456 shares of the bank’s stock after acquiring an additional 4,399 shares during the period. Intrust Bank NA’s holdings in Citizens Financial Group were worth $1,902,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new position in Citizens Financial Group in the fourth quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Citizens Financial Group in the 4th quarter worth $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group in the 4th quarter worth $47,000. Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group during the third quarter valued at $48,000. Finally, Duncker Streett & Co. Inc. bought a new stake in Citizens Financial Group during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 2.4 %

Shares of CFG opened at $40.26 on Friday. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $44.66 and a 200 day moving average price of $44.10. The stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CFG. Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays upped their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Finally, Stephens reiterated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average price target of $48.67.

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.