Citizens Financial Services, Inc. (NASDAQ:CZFS) Short Interest Up 16.2% in November

Citizens Financial Services, Inc. (NASDAQ:CZFS) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 33,700 shares, an increase of 16.2% from the November 15th total of 29,000 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is currently 1.7 days. Approximately 0.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC purchased a new stake in shares of Citizens Financial Services during the 2nd quarter valued at $32,000. Rhumbline Advisers lifted its stake in Citizens Financial Services by 10.6% in the second quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock valued at $238,000 after purchasing an additional 505 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Citizens Financial Services by 22.5% during the second quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock valued at $1,068,000 after purchasing an additional 4,369 shares during the period. De Lisle Partners LLP increased its position in Citizens Financial Services by 1.0% in the third quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock worth $897,000 after buying an additional 152 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Citizens Financial Services by 286.2% in the third quarter. Barclays PLC now owns 5,924 shares of the company’s stock valued at $347,000 after buying an additional 4,390 shares during the period. Hedge funds and other institutional investors own 22.49% of the company’s stock.

Citizens Financial Services Stock Up 1.5 %

Citizens Financial Services stock traded up $1.03 during midday trading on Monday, hitting $70.42. 8,220 shares of the stock were exchanged, compared to its average volume of 11,892. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $335.20 million, a price-to-earnings ratio of 11.98 and a beta of 0.53. Citizens Financial Services has a 52-week low of $38.52 and a 52-week high of $75.40. The business’s 50-day moving average price is $65.16 and its 200-day moving average price is $54.58.

Citizens Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, December 13th. Citizens Financial Services’s payout ratio is 33.85%.

About Citizens Financial Services

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.