Citizens Financial Services (NASDAQ:CZFS) Issues Quarterly Earnings Results

Citizens Financial Services (NASDAQ:CZFS) announced its earnings results on Thursday. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.14, Zacks reports. Citizens Financial Services had a return on equity of 11.89% and a net margin of 22.47%.

Citizens Financial Services Price Performance

Shares of NASDAQ CZFS traded up $0.43 during trading on Thursday, hitting $77.69. The company had a trading volume of 26,546 shares, compared to its average volume of 10,844. The business’s 50-day moving average is $69.63 and its 200 day moving average is $65.57. The company has a market cap of $372.91 million, a P/E ratio of 9.49 and a beta of 0.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 0.95. Citizens Financial Services has a 52 week low of $49.99 and a 52 week high of $79.50.

Citizens Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.51 dividend. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. Citizens Financial Services’s dividend payout ratio is currently 24.91%.

Analyst Upgrades and Downgrades

CZFS has been the topic of a number of research analyst reports. Zacks Research raised Citizens Financial Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings upgraded shares of Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Hedge Funds Weigh In On Citizens Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in Citizens Financial Services during the 4th quarter worth about $422,000. Millennium Management LLC lifted its stake in Citizens Financial Services by 118.4% during the fourth quarter. Millennium Management LLC now owns 13,206 shares of the company’s stock valued at $753,000 after buying an additional 7,158 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Citizens Financial Services in the third quarter worth about $301,000. Goldman Sachs Group Inc. boosted its holdings in shares of Citizens Financial Services by 142.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,435 shares of the company’s stock worth $481,000 after buying an additional 4,960 shares during the period. Finally, Trexquant Investment LP increased its position in shares of Citizens Financial Services by 71.7% in the fourth quarter. Trexquant Investment LP now owns 10,614 shares of the company’s stock worth $605,000 after acquiring an additional 4,432 shares in the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Citizens Financial Services Company Profile

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.