Zacks Investment Research Upgrades Citizens Financial Services (OTCBB:CZFS) to Buy

Citizens Financial Services (OTCBB:CZFS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Zacks.com reports. The brokerage currently has a $68.00 price target on the financial services provider’s stock.

According to Zacks, “Citizens Financial Services, Inc. is the bank holding company for First Citizens National Bank. “

The firm has a market cap of $195.10 million, a PE ratio of 8.13 and a beta of 0.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 0.94. Citizens Financial Services has a 1 year low of $50.10 and a 1 year high of $65.00.

Citizens Financial Services (OTCBB:CZFS) last released its quarterly earnings data on Tuesday, October 26th. The financial services provider reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.05. Citizens Financial Services had a net margin of 29.73% and a return on equity of 13.35%. Analysts forecast that Citizens Financial Services will post 6.58 earnings per share for the current year.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc operates as the holding company for First Citizens Community Bank that provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts.

Featured Story: What is a Derivative?

Get a free copy of the Zacks research report on Citizens Financial Services (CZFS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Citizens Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.