Citizens Financial Services (NASDAQ:CZFS) Issues Earnings Results, Beats Estimates By $0.28 EPS

Citizens Financial Services (NASDAQ:CZFS) announced its quarterly earnings results on Friday. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28, FiscalAI reports. Citizens Financial Services had a net margin of 23.31% and a return on equity of 12.06%. The business had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $31.00 million.

Citizens Financial Services Trading Up 0.5%

CZFS opened at $85.35 on Friday. Citizens Financial Services has a one year low of $53.14 and a one year high of $88.20. The stock has a market capitalization of $410.53 million, a PE ratio of 9.93 and a beta of 0.37. The business’s 50 day moving average price is $81.12 and its 200 day moving average price is $70.73. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.01 and a current ratio of 1.02.

Citizens Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.04 dividend on an annualized basis and a yield of 2.4%. Citizens Financial Services’s payout ratio is 23.86%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Citizens Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Citizens Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 21st. Finally, Zacks Research cut Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc is a bank holding company headquartered in Mansfield, Pennsylvania. It operates through its principal subsidiary, First Citizens Community Bank, which provides financial services to individuals, families, businesses and organizations.

The bank offers deposit accounts, consumer and commercial lending, residential mortgages, business banking, cash-management services, online and mobile banking, wealth management and trust services. Its lending activities include real estate, agricultural, commercial and consumer loans.

Founded in 1932, First Citizens Community Bank serves communities in central and northern Pennsylvania and southern New York through branch locations and digital banking channels.