Dimensional Fund Advisors LP Has $743,000 Position in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Dimensional Fund Advisors LP increased its holdings in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 99.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,734 shares of the company's stock after purchasing an additional 5,840 shares during the period. Dimensional Fund Advisors LP owned approximately 0.25% of Citizens Financial Services worth $743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Citizens Financial Services by 15.2% during the fourth quarter. Barclays PLC now owns 6,822 shares of the company's stock worth $431,000 after buying an additional 898 shares during the last quarter. Wells Fargo & Company MN increased its position in Citizens Financial Services by 182.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,830 shares of the company's stock worth $432,000 after acquiring an additional 4,413 shares during the period. Trexquant Investment LP acquired a new position in Citizens Financial Services during the 4th quarter valued at $338,000. JPMorgan Chase & Co. boosted its holdings in Citizens Financial Services by 127.9% in the 4th quarter. JPMorgan Chase & Co. now owns 16,576 shares of the company's stock valued at $1,049,000 after purchasing an additional 9,304 shares during the period. Finally, American Century Companies Inc. grew 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 worth $1,408,000 after purchasing an additional 13,281 shares during the last quarter. Institutional investors own 22.49% of the company's stock.

Citizens Financial Services Stock Performance

Shares of NASDAQ:CZFS traded down $0.28 on Tuesday, hitting $62.71. 10,127 shares of the company were exchanged, compared to its average volume of 13,877. The company's 50 day moving average price is $57.13 and its two-hundred day moving average price is $61.81. The firm has a market capitalization of $298.50 million, a price-to-earnings ratio of 10.68 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.96 and a current ratio of 0.97. Citizens Financial Services, Inc. has a one year low of $39.10 and a one year high of $75.40.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.11. The business had revenue of $26.44 million for the quarter. Citizens Financial Services had a return on equity of 9.93% and a net margin of 16.39%. Research analysts expect that Citizens Financial Services, Inc. will post 6.4 earnings per share for the current year.

Citizens Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, March 14th. This is a positive change from Citizens Financial Services's previous quarterly dividend of $0.49. Citizens Financial Services's dividend payout ratio (DPR) is presently 33.11%.

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.