Citizens Financial Services Inc. (NASDAQ:CZFS) Increases Dividend to $0.51 Per Share

Citizens Financial Services Inc. (NASDAQ:CZFS) declared a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Friday, June 12th will be given a dividend of 0.51 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, June 12th. This is a 2.0% increase from Citizens Financial Services’s previous quarterly dividend of $0.50.

Citizens Financial Services has increased its dividend by an average of 0.0%per year over the last three years. Citizens Financial Services has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Services to earn $8.31 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.1%.

Citizens Financial Services Price Performance

NASDAQ CZFS opened at $67.51 on Wednesday. The company has a 50-day moving average price of $64.99 and a two-hundred day moving average price of $62.18. The stock has a market cap of $324.05 million, a price-to-earnings ratio of 8.24 and a beta of 0.38. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58. Citizens Financial Services has a 52 week low of $49.99 and a 52 week high of $69.58.

Citizens Financial Services (NASDAQ:CZFS) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.18. Citizens Financial Services had a return on equity of 11.89% and a net margin of 22.47%.The business had revenue of $29.80 million during the quarter, compared to the consensus estimate of $29.10 million. Analysts forecast that Citizens Financial Services will post 8.23 EPS for the current year.

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.