5 Cheap Bank Stocks To Buy

4. Citizens Financial Group, Inc. (NYSE:CFG)

Number of Hedge Fund Holders: 43

P/E Ratio as of January 19: 9.82

Citizens Financial Group, Inc. (NYSE:CFG) is the bank holding company for Citizens Bank, National Association. It provides retail and commercial banking products and services. The company is based in Providence, Rhode Island.

Matt O’Connor, an analyst at Deutsche Bank, holds a Buy rating on Citizens Financial Group, Inc. (NYSE:CFG) shares as of January 6.

Analysts at Bank of America see an earnings rebound for Citizens Financial Group, Inc. (NYSE:CFG) in 2023 and 2024. In 2023, the company is expected to generate $5.05 in annualized EPS, while in 2024, the figure stands at $5.10. Citizens Financial Group, Inc. (NYSE:CFG) is also expected to have a P/E ratio of 7.5x and 7.4x in 2023 and 2024, respectively, showing that for its expected earnings performance, it will remain cheaply valued.

In total, 43 hedge funds were long the stock, with a total stake value of $659 million.

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