Citizens Financial Services (NASDAQ:CZFS) Upgraded at Wall Street Zen

Key Points

• Citizens Financial Services was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen.
• The company reported earnings of $1.76 per share, exceeding the consensus estimate of $1.62 and indicating a solid financial performance.
• Institutional investors now own 22.49% of Citizens Financial Services' stock, highlighting increasing interest from major financial entities.

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

Citizens Financial Services Trading Down 2.0%

Shares of CZFS opened at $52.61 on Friday. The stock has a 50-day moving average price of $59.52 and a 200 day moving average price of $59.17. Citizens Financial Services has a one year low of $40.79 and a one year high of $74.65. The company has a market capitalization of $250.42 million, a P/E ratio of 7.94 and a beta of 0.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.99 and a current ratio of 0.99.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.14. Citizens Financial Services had a return on equity of 10.46% and a net margin of 18.54%. The firm had revenue of $27.28 million for the quarter. Sell-side analysts forecast that Citizens Financial Services will post 6.4 EPS for the current fiscal year.

Institutional Trading of Citizens Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Citizens Financial Services by 9.7% during the first 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 in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Citizens Financial Services during the 4th quarter worth approximately $35,000. Tower Research Capital LLC TRC raised its position in shares of Citizens Financial Services by 295.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 842 shares of the company's stock worth $53,000 after purchasing an additional 629 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Citizens Financial Services during the 1st quarter worth approximately $38,000. Finally, GAMMA Investing LLC raised its position in shares of Citizens Financial Services by 183.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,170 shares of the company's stock worth $69,000 after purchasing an additional 757 shares during the period. Institutional investors and hedge funds 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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