Stieven Capital Advisors buys $12 Million stake in Citizens Financial Group Inc (CFG)

Citizens Financial Group Inc (CFG) : Stieven Capital Advisors scooped up 123,000 additional shares in Citizens Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 560,600 shares of Citizens Financial Group Inc which is valued at $12 Million.Citizens Financial Group Inc makes up approximately 3.34% of Stieven Capital Advisors’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in CFG by selling 8,231 shares or 80.36% in the most recent quarter. The Hedge Fund company now holds 2,012 shares of CFG which is valued at $43,057.Tradition Capital Management reduced its stake in CFG by selling 1,940 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 64,735 shares of CFG which is valued at $1.4 Million. Citizens Financial Group Inc makes up approx 0.46% of Tradition Capital Management’s portfolio.Global X Management Co boosted its stake in CFG in the latest quarter, The investment management firm added 981 additional shares and now holds a total of 1,084 shares of Citizens Financial Group Inc which is valued at $23,946.Scout Investments boosted its stake in CFG in the latest quarter, The investment management firm added 1,385,512 additional shares and now holds a total of 2,721,775 shares of Citizens Financial Group Inc which is valued at $60.1 Million. Citizens Financial Group Inc makes up approx 1.64% of Scout Investments’s portfolio.

Citizens Financial Group Inc opened for trading at $22.99 and hit $23.41 on the upside on Friday, eventually ending the session at $22.98, with a gain of 0.35% or 0.08 points. The heightened volatility saw the trading volume jump to 39,33,631 shares. Company has a market cap of $12,155,960 M.

On the company’s financial health, Citizens Financial Group Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.39. The company had revenue of $1234.00 million for the quarter, compared to analysts expectations of $1226.95 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Citizens Financial Group Inc. Citizens Financial Group Inc was Upgraded by Wells Fargo to ” Outperform” on May 13, 2016.

Citizens Financial Group Inc. is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals institutions and companies. The Company operates approximately 1200 branches in an 11-state footprint across the New England Mid-Atlantic and Midwest regions. The Company serves the financial needs of customers and prospects through its online telephone and mobile banking platforms. It also maintains over 100 retail and commercial non-branch offices located both in the Company’s banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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