Positive Media Coverage Somewhat Unlikely to Affect Citizens Financial Group (CFG) Stock Price

Headlines about Citizens Financial Group (NYSE:CFG) have trended positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Citizens Financial Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.1302655459731 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern’s scoring:

CFG opened at $40.27 on Monday. The firm has a market cap of $19.32 billion, a P/E ratio of 15.61, a PEG ratio of 0.54 and a beta of 1.37. Citizens Financial Group has a 1 year low of $31.51 and a 1 year high of $48.23. 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 (NYSE:CFG) last released its quarterly earnings data on Friday, July 20th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Citizens Financial Group had a return on equity of 7.59% and a net margin of 26.72%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. analysts predict that Citizens Financial Group will post 3.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st will be given a dividend of $0.27 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.68%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 41.86%.

CFG has been the subject of several recent analyst reports. Sandler O’Neill raised Citizens Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Friday, June 1st. ValuEngine raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Citigroup reaffirmed a “hold” rating on shares of Citizens Financial Group in a research report on Friday, April 20th. Finally, Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Wednesday, May 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Citizens Financial Group has an average rating of “Hold” and an average target price of $46.40.

In related news, insider Randall J. Black sold 792 shares of Citizens Financial Group stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $41.49, for a total transaction of $32,860.08. Following the completion of the sale, the insider now 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 the SEC website. 0.22% of the stock is currently owned by company 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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