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CFG

Citizens Financial GroupNYSE:CFG Stock Report

Last Price

US$52.16

Market Cap

US$22.0b

7D

-6.4%

1Y

34.0%

Updated

21 Jan, 2022

Data

Company Financials +
CFG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

CFG Stock Overview

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States.

Citizens Financial Group Competitors

PNC Financial Services Group

NYSE:PNC

US$86.9b

Truist Financial

NYSE:TFC

US$83.8b

SVB Financial Group

NasdaqGS:SIVB

US$38.0b

Fifth Third Bancorp

NasdaqGS:FITB

US$31.9b

Price History & Performance

Summary of all time highs, changes and price drops for Citizens Financial Group
Historical stock prices
Current Share PriceUS$52.16
52 Week HighUS$57.00
52 Week LowUS$35.09
Beta1.57
1 Month Change13.81%
3 Month Change3.74%
1 Year Change34.02%
3 Year Change48.39%
5 Year Change38.95%
Change since IPO126.00%

Recent News & Updates

Dec 22

Citizens Financial: Acquisition-Driven Expansion Comes At A Moderately High Stock Price

The acquisition of Investors Bancorp and HSBC's branches will boost the loan and deposit portfolios by almost 20% in the first quarter of 2022. The outlook for organic loan growth is also bright due to economic factors. The provision expense will likely increase next year on the back of organic loan growth. The December 2022 target price suggests a small upside from the current market price. Further, CFG is offering a decent dividend yield.

Oct 24
Citizens Financial Group (NYSE:CFG) Has Re-Affirmed Its Dividend Of US$0.39

Citizens Financial Group (NYSE:CFG) Has Re-Affirmed Its Dividend Of US$0.39

Citizens Financial Group, Inc. ( NYSE:CFG ) will pay a dividend of US$0.39 on the 12th of November. This makes the...

Shareholder Returns

CFGUS BanksUS Market
7D-6.4%-5.8%-4.6%
1Y34.0%28.1%7.7%

Return vs Industry: CFG exceeded the US Banks industry which returned 28.1% over the past year.

Return vs Market: CFG exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is CFG's price volatile compared to industry and market?
CFG volatility
CFG Average Weekly Movement4.4%
Banks Industry Average Movement3.8%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: CFG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CFG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
182817,496Bruce Van Saunhttps://www.citizensbank.com

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers traditional banking products and services, including checking and savings accounts, home and education loans, credit cards, business loans, mortgage and home equity lending, and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses.

Citizens Financial Group Fundamentals Summary

How do Citizens Financial Group's earnings and revenue compare to its market cap?
CFG fundamental statistics
Market CapUS$22.02b
Earnings (TTM)US$2.32b
Revenue (TTM)US$7.06b

9.5x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CFG income statement (TTM)
RevenueUS$7.06b
Cost of RevenueUS$0
Gross ProfitUS$7.06b
ExpensesUS$4.74b
EarningsUS$2.32b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Apr 19, 2022

Earnings per share (EPS)5.49
Gross Margin100.00%
Net Profit Margin32.86%
Debt/Equity Ratio30.8%

How did CFG perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

29%

Payout Ratio

Valuation

Is Citizens Financial Group undervalued compared to its fair value and its price relative to the market?

40.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CFG ($52.16) is trading below our estimate of fair value ($87.52)

Significantly Below Fair Value: CFG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CFG is good value based on its PE Ratio (9.5x) compared to the US Banks industry average (11.2x).

PE vs Market: CFG is good value based on its PE Ratio (9.5x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: CFG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CFG is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Future Growth

How is Citizens Financial Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CFG's earnings are forecast to decline over the next 3 years (-1.2% per year).

Earnings vs Market: CFG's earnings are forecast to decline over the next 3 years (-1.2% per year).

High Growth Earnings: CFG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CFG's revenue (8.2% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: CFG's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CFG's Return on Equity is forecast to be low in 3 years time (9.1%).


Past Performance

How has Citizens Financial Group performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CFG has high quality earnings.

Growing Profit Margin: CFG's current net profit margins (32.9%) are higher than last year (18%).


Past Earnings Growth Analysis

Earnings Trend: CFG's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: CFG's earnings growth over the past year (144.1%) exceeds its 5-year average (5.7% per year).

Earnings vs Industry: CFG earnings growth over the past year (144.1%) exceeded the Banks industry 43.6%.


Return on Equity

High ROE: CFG's Return on Equity (9.9%) is considered low.


Financial Health

How is Citizens Financial Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CFG's Assets to Equity ratio (8x) is low.

Allowance for Bad Loans: CFG has a sufficient allowance for bad loans (248%).

Low Risk Liabilities: 94% of CFG's liabilities are made up of primarily low risk sources of funding.

Loan Level: CFG has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: CFG's Loans to Deposits ratio (82%) is appropriate.

Level of Bad Loans: CFG has an appropriate level of bad loans (0.6%).


Dividend

What is Citizens Financial Group current dividend yield, its reliability and sustainability?

2.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CFG's dividend (2.99%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: CFG's dividend (2.99%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CFG has been paying a dividend for less than 10 years.

Growing Dividend: CFG's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.7%), CFG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CFG's dividends in 3 years are forecast to be well covered by earnings (37.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Bruce Van Saun (64 yo)

8.25yrs

Tenure

US$14,335,323

Compensation

Mr. Bruce Winfield Van Saun has been an Independent Director of Moody’s Corporation since March 1, 2016. He has been the Chairman and Chief Executive Officer of Citizens Financial Group, Inc. since October...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD14.34M) is about average for companies of similar size in the US market ($USD11.31M).

Compensation vs Earnings: Bruce's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CFG's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: CFG's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Citizens Financial Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Citizens Financial Group, Inc.
  • Ticker: CFG
  • Exchange: NYSE
  • Founded: 1828
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$22.019b
  • Shares outstanding: 422.14m
  • Website: https://www.citizensbank.com

Number of Employees


Location

  • Citizens Financial Group, Inc.
  • One Citizens Plaza
  • Providence
  • Rhode Island
  • 2903
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:08
End of Day Share Price2022/01/20 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.