Citizens Financial Services (NASDAQ:CZFS) Upgraded by Janney Montgomery Scott to “Buy”

Citizens Financial Services (NASDAQ:CZFS) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The firm presently has a $53.00 price objective on the stock. Janney Montgomery Scott’s price objective would indicate a potential upside of 29.97% from the stock’s previous close.

Citizens Financial Services Price Performance

NASDAQ CZFS opened at $40.78 on Tuesday. The company has a 50-day moving average price of $45.12 and a 200-day moving average price of $52.70. Citizens Financial Services has a 52 week low of $38.91 and a 52 week high of $92.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $192.07 million, a P/E ratio of 11.05 and a beta of 0.34.

Citizens Financial Services (NASDAQ:CZFS) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.02). The company had revenue of $25.34 million during the quarter, compared to analysts’ expectations of $27.80 million. Citizens Financial Services had a return on equity of 10.57% and a net margin of 11.63%. Equities research analysts anticipate that Citizens Financial Services will post 6.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its stake in Citizens Financial Services by 5.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,030 shares of the company’s stock worth $289,000 after buying an additional 337 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Citizens Financial Services in the 3rd quarter worth $37,000. Finally, SG Americas Securities LLC bought a new position in shares of Citizens Financial Services during the 4th quarter valued at about $119,000. 22.49% of the stock is currently owned by institutional investors.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc, a bank holding company, 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. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services.