JPMorgan Chase & Co. Has $1.05 Million Position in Citizens Financial Services, Inc. (NASDAQ:CZFS)

JPMorgan Chase & Co. grew its stake in Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 127.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,576 shares of the company's stock after purchasing an additional 9,304 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of Citizens Financial Services worth $1,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in shares of Citizens Financial Services during the fourth quarter worth $46,000. SG Americas Securities LLC bought a new position in Citizens Financial Services during the fourth quarter worth about $121,000. Barclays PLC grew its stake in 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 acquiring an additional 4,390 shares during the period. American Century Companies Inc. grew its stake in Citizens Financial Services by 148.3% in the fourth quarter. American Century Companies Inc. now owns 22,237 shares of the company's stock valued at $1,408,000 after acquiring an additional 13,281 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Citizens Financial Services by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,465 shares of the company's stock worth $2,309,000 after acquiring an additional 1,858 shares in the last quarter. 22.49% of the stock is currently owned by institutional investors.

Citizens Financial Services Stock Up 4.3 %

Shares of NASDAQ:CZFS traded up $2.33 during trading on Friday, hitting $56.76. 6,083 shares of the company's stock traded hands, compared to its average volume of 13,833. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $57.14 and a 200-day moving average price of $61.84. Citizens Financial Services, Inc. has a 52 week low of $39.10 and a 52 week high of $75.40. The company has a market cap of $270.18 million, a price-to-earnings ratio of 9.67 and a beta of 0.43.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.11. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. The firm had revenue of $26.44 million for the quarter. As a group, research analysts forecast that Citizens Financial Services, Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Citizens Financial Services's previous quarterly dividend of $0.49. Citizens Financial Services's dividend payout ratio is 33.73%.

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.