Citizens Financial Services (NASDAQ:CZFS) Trading Up 7.2%

Shares of Citizens Financial Services, Inc. (NASDAQ:CZFS) were up 7.2% during trading on Thursday . The stock traded as high as $49.49 and last traded at $49.20. Approximately 8,742 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 6,633 shares. The stock had previously closed at $45.90.

Citizens Financial Services Trading Up 7.2 %

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $231.73 million, a P/E ratio of 12.57 and a beta of 0.33. The business’s 50-day moving average is $49.66 and its 200 day moving average is $53.19.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.02). The business had revenue of $25.34 million during the quarter, compared to analyst estimates of $27.80 million. Citizens Financial Services had a net margin of 12.83% and a return on equity of 11.08%. As a group, analysts anticipate that Citizens Financial Services, Inc. will post 6.65 EPS for the current fiscal year.

Citizens Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, March 14th. Citizens Financial Services’s dividend payout ratio (DPR) is currently 50.09%.

Hedge Funds Weigh In On Citizens Financial Services

Several hedge funds have recently bought and sold shares of CZFS. Ameritas Investment Partners Inc. bought a new position in Citizens Financial Services in the second quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its holdings in shares of Citizens Financial Services by 194.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 754 shares of the company’s stock worth $36,000 after buying an additional 498 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Citizens Financial Services during the 3rd quarter worth $37,000. Osaic Holdings Inc. acquired a new stake in Citizens Financial Services in the second quarter valued at about $51,000. Finally, Barclays PLC bought a new position in Citizens Financial Services in the first quarter valued at about $99,000. 22.49% of the stock is 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.