American Century Companies Inc. Purchases 13,281 Shares of Citizens Financial Services, Inc. (NASDAQ:CZFS)

American Century Companies Inc. lifted its holdings in Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 148.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,237 shares of the company's stock after purchasing an additional 13,281 shares during the quarter. American Century Companies Inc. owned 0.47% of Citizens Financial Services worth $1,408,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CZFS. Stonebridge Financial Group LLC acquired a new position in Citizens Financial Services during the 4th quarter valued at about $46,000. SG Americas Securities LLC bought a new stake in Citizens Financial Services during the fourth quarter worth approximately $121,000. Barclays PLC boosted its stake in Citizens Financial Services by 286.2% during the 3rd quarter. Barclays PLC now owns 5,924 shares of the company's stock valued at $347,000 after purchasing an additional 4,390 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Citizens Financial Services by 177.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,272 shares of the company's stock worth $427,000 after buying an additional 4,655 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Citizens Financial Services by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,465 shares of the company's stock valued at $2,309,000 after buying an additional 1,858 shares in the last quarter. 22.49% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Services Price Performance

Shares of CZFS traded down $0.53 during mid-day trading on Tuesday, hitting $54.08. The company's stock had a trading volume of 20,514 shares, compared to its average volume of 13,677. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a 50-day moving average price of $58.87 and a 200 day moving average price of $61.87. Citizens Financial Services, Inc. has a fifty-two week low of $38.14 and a fifty-two week high of $75.40. The stock has a market capitalization of $257.40 million, a price-to-earnings ratio of 9.21 and a beta of 0.43.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.14. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. On average, research analysts predict that Citizens Financial Services, Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 3.66%. This is a positive change from Citizens Financial Services's previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. Citizens Financial Services's dividend payout ratio (DPR) is currently 33.73%.

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.