Citizens Financial Services Inc. (NASDAQ:CZFS) Short Interest Update

Citizens Financial Services Inc. (NASDAQ:CZFS) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 30,295 shares, a decrease of 20.0% from the January 15th total of 37,865 shares. Based on an average daily volume of 16,709 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 16,709 shares, the days-to-cover ratio is currently 1.8 days.

Citizens Financial Services Stock Performance

Shares of CZFS opened at $63.92 on Friday. Citizens Financial Services has a 12 month low of $49.96 and a 12 month high of $69.30. The business’s fifty day simple moving average is $61.58 and its two-hundred day simple moving average is $58.97. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.85. The company has a market cap of $307.20 million, a price-to-earnings ratio of 8.38 and a beta of 0.42.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Thursday, January 29th. The company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.11. Citizens Financial Services had a net margin of 21.08% and a return on equity of 11.55%. The business had revenue of $27.79 million for the quarter. Research analysts anticipate that Citizens Financial Services will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, December 12th. Citizens Financial Services’s payout ratio is currently 26.21%.

Institutional Investors Weigh In On Citizens Financial Services

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of Citizens Financial Services by 39.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after acquiring an additional 186 shares during the period. Stone House Investment Management LLC lifted its stake in shares of Citizens Financial Services by 82.0% during the 2nd quarter. Stone House Investment Management LLC now owns 1,176 shares of the company’s stock valued at $69,000 after buying an additional 530 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Citizens Financial Services by 537.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock valued at $78,000 after buying an additional 1,123 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Citizens Financial Services by 14,530.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,463 shares of the company’s stock worth $88,000 after buying an additional 1,453 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Citizens Financial Services by 3,225.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,463 shares of the company’s stock worth $88,000 after buying an additional 1,419 shares in the last quarter. Institutional investors own 22.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CZFS. Zacks Research lowered shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Citizens Financial Services in a research report on Wednesday, January 21st. Finally, Janney Montgomery Scott raised Citizens Financial Services to a “strong-buy” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Citizens Financial Services

Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.

Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.