Citizens Financial Services (NASDAQ:CZFS) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Citizens Financial Services (CZFS) from “Buy” to “Hold,” although MarketBeat’s overall analyst consensus remains “Buy.” Other recent opinions were mixed, including an upgrade from Weiss Ratings and a downgrade from Zacks Research.
• Citizens Financial Services beat quarterly expectations, reporting $2.12 earnings per share versus the $1.98 consensus and revenue of $29.71 million versus $29.30 million expected.
• The stock opened at $80.40, down 2.3%, with a market capitalization of approximately $385.9 million; institutional investors and hedge funds own 22.49% of outstanding shares.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research firms have also recently commented on CZFS. Weiss Ratings upgraded Citizens Financial Services from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Zacks Research lowered Citizens Financial Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Citizens Financial Services currently has a consensus rating of "Buy".

Citizens Financial Services Trading Down 2.3%

Shares of NASDAQ:CZFS opened at $80.40 on Friday. The company's 50-day moving average price is $71.71 and its two-hundred day moving average price is $66.43. Citizens Financial Services has a one year low of $52.35 and a one year high of $83.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $385.92 million, a PE ratio of 9.40 and a beta of 0.35.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.14. Citizens Financial Services had a return on equity of 12.20% and a net margin of 23.31%.The company had revenue of $29.71 million during the quarter, compared to analysts' expectations of $29.30 million. On average, equities analysts forecast that Citizens Financial Services will post 8.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Citizens Financial Services during the 2nd quarter worth $25,684,000. Vanguard Group Inc. grew its stake in Citizens Financial Services by 0.8% during the third quarter. Vanguard Group Inc. now owns 246,735 shares of the company's stock worth $14,873,000 after buying an additional 1,987 shares in the last quarter. Geode Capital Management LLC grew its stake in Citizens Financial Services by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 110,866 shares of the company's stock worth $6,323,000 after buying an additional 1,390 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Citizens Financial Services by 16.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,590 shares of the company's stock valued at $1,748,000 after buying an additional 4,115 shares during the period. Finally, American Century Companies Inc. increased its holdings in Citizens Financial Services by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 28,344 shares of the company's stock valued at $1,664,000 after buying an additional 400 shares during the period. 22.49% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Financial Services

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.

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