Citizens Financial Services (NASDAQ:CZFS) Downgraded to Hold Rating by Zacks Research

Key Points

• Citizens Financial Services was downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a more cautious outlook from stock analysts.
• Meanwhile, Wall Street Zen upgraded the stock to a "buy" rating, indicating a divergence in analyst opinions regarding the company's performance.
• The company's latest earnings report showed an earnings per share (EPS) of $1.76, exceeding analysts' expectations, with a revenue of $27.28 million for the quarter.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Citizens Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Citizens Financial Services currently has an average rating of "Hold".

Citizens Financial Services Trading Up 0.2%

Shares of CZFS stock opened at $60.40 on Tuesday. The stock has a market cap of $290.52 million, a price-to-earnings ratio of 9.11 and a beta of 0.47. The firm's 50 day moving average price is $59.20 and its two-hundred day moving average price is $58.88. Citizens Financial Services has a fifty-two week low of $49.96 and a fifty-two week high of $74.65. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.00.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.14. The company had revenue of $27.28 million for the quarter. Citizens Financial Services had a net margin of 18.54% and a return on equity of 10.36%. On average, analysts anticipate that Citizens Financial Services will post 6.4 EPS for the current year.

Institutional Trading of Citizens Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen LLC bought a new stake in shares of Citizens Financial Services in the first quarter worth $44,077,000. Citizens & Northern Corp increased its stake in shares of Citizens Financial Services by 1.0% in the second quarter. Citizens & Northern Corp now owns 117,081 shares of the company's stock worth $6,875,000 after buying an additional 1,159 shares during the last quarter. Geode Capital Management LLC increased its stake in Citizens Financial Services by 1.6% during the second quarter. Geode Capital Management LLC now owns 106,338 shares of the company's stock valued at $6,246,000 after purchasing an additional 1,681 shares during the last quarter. Hudock Inc. increased its stake in Citizens Financial Services by 1.2% during the second quarter. Hudock Inc. now owns 41,118 shares of the company's stock valued at $2,414,000 after purchasing an additional 492 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Citizens Financial Services by 1.4% during the second quarter. American Century Companies Inc. now owns 28,344 shares of the company's stock valued at $1,664,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 22.49% of the company's stock.

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.

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