Citizens Financial Services (NASDAQ:CZFS) Given Hold (C) Rating at Weiss Ratings

Key Points

• Citizens Financial Services' stock (NASDAQ:CZFS) has been given a "hold (c)" rating by Weiss Ratings, with several other analysts also rating it as a "hold" after recent changes.
• The company's shares recently traded at $55.60, with a market cap of $267.44 million, and it has a PE ratio of 8.39.
• Institutional investors have increased their holdings in Citizens Financial Services, with significant acquisitions by firms like American Century Companies Inc. and Nuveen LLC during the 1st quarter.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other research analysts also recently issued reports on CZFS. Zacks Research downgraded Citizens Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Wall Street Zen upgraded Citizens Financial Services from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Citizens Financial Services Price Performance

Shares of CZFS stock traded up $0.29 during midday trading on Friday, reaching $55.60. 3,651 shares of the company traded hands, compared to its average volume of 8,672. The firm's 50 day simple moving average is $59.30 and its two-hundred day simple moving average is $58.64. Citizens Financial Services has a 1-year low of $49.96 and a 1-year high of $74.65. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $267.44 million, a PE ratio of 8.39 and a beta of 0.47.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 20th. The company reported $1.71 earnings per share (EPS) for the quarter. Citizens Financial Services had a net margin of 18.54% and a return on equity of 10.36%. The company had revenue of $18.69 million during the quarter. On average, equities research analysts expect that Citizens Financial Services will post 6.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in Citizens Financial Services by 25.7% in the 1st quarter. American Century Companies Inc. now owns 27,944 shares of the company's stock valued at $1,622,000 after acquiring an additional 5,707 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Citizens Financial Services by 9.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,613 shares of the company's stock valued at $210,000 after buying an additional 318 shares during the period. Nuveen LLC purchased a new stake in shares of Citizens Financial Services during the 1st quarter valued at $44,077,000. Strs Ohio purchased a new stake in shares of Citizens Financial Services during the 1st quarter valued at $296,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Citizens Financial Services during the 1st quarter valued at $661,000. 22.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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