Wall Street Zen upgraded shares of Citizens Financial Services (NASDAQ:CZFS - Free Report) from a hold rating to a buy rating in a report issued on Saturday.
Citizens Financial Services Stock Performance
NASDAQ:CZFS traded down $0.92 during trading hours on Friday, reaching $52.50. 2,344 shares of the stock were exchanged, compared to its average volume of 10,344. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.98. The firm has a 50 day simple moving average of $59.26 and a 200-day simple moving average of $59.03. Citizens Financial Services has a 52 week low of $41.92 and a 52 week high of $74.65. The stock has a market capitalization of $249.90 million, a P/E ratio of 7.92 and a beta of 0.45.
Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.76 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $27.28 million for the quarter. As a group, sell-side analysts forecast that Citizens Financial Services will post 6.4 earnings per share for the current fiscal year.
Citizens Financial Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.495 dividend. This is a positive change from Citizens Financial Services's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.98 annualized dividend and a dividend yield of 3.8%. Citizens Financial Services's dividend payout ratio (DPR) is 29.86%.
Institutional Trading of Citizens Financial Services
Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Citizens Financial Services by 39,858.3% in the 1st quarter. GAMMA Investing LLC now owns 23,975 shares of the company's stock worth $1,392,000 after purchasing an additional 23,915 shares during the last quarter. American Century Companies Inc. increased its position in Citizens Financial Services by 148.3% in the 4th 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. Dimensional Fund Advisors LP increased its position in Citizens Financial Services by 99.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,734 shares of the company's stock valued at $743,000 after acquiring an additional 5,840 shares during the period. Nuveen Asset Management LLC increased its position in Citizens Financial Services by 14.7% in the 4th quarter. Nuveen Asset Management LLC now owns 9,309 shares of the company's stock valued at $589,000 after acquiring an additional 1,191 shares during the period. Finally, Northern Trust Corp increased its position in Citizens Financial Services by 2.0% in the 4th quarter. Northern Trust Corp now owns 40,504 shares of the company's stock valued at $2,564,000 after acquiring an additional 806 shares during the period. Institutional investors own 22.49% of the company's stock.
Citizens Financial Services Company Profile
(
Get Free Report)
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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