Citizens Financial Services, Inc. (NASDAQ:CZFS) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 99.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in 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 period. Wells Fargo & Company MN grew 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 buying an additional 4,413 shares during the period. Trexquant Investment LP acquired a new position in Citizens Financial Services during the fourth quarter worth about $338,000. JPMorgan Chase & Co. grew its position in Citizens Financial Services by 127.9% during the fourth quarter. JPMorgan Chase & Co. now owns 16,576 shares of the company's stock worth $1,049,000 after buying an additional 9,304 shares during the period. Finally, American Century Companies Inc. grew its position in Citizens Financial Services by 148.3% during the fourth quarter. American Century Companies Inc. now owns 22,237 shares of the company's stock worth $1,408,000 after buying an additional 13,281 shares during the period. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Price Performance

CZFS traded up $1.46 on Thursday, hitting $62.54. 13,345 shares of the company were exchanged, compared to its average volume of 13,925. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.96 and a current ratio of 0.97. The business's fifty day moving average is $57.44 and its 200 day moving average is $61.83. Citizens Financial Services, Inc. has a fifty-two week low of $39.10 and a fifty-two week high of $75.40. The firm has a market capitalization of $297.69 million, a P/E ratio of 10.65 and a beta of 0.40.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.49 by $0.11. The business had revenue of $26.44 million for the quarter. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. As a group, sell-side analysts anticipate that Citizens Financial Services, Inc. will post 6.4 EPS for the current year.

Citizens Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.495 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from Citizens Financial Services's previous quarterly dividend of $0.49. This represents a $1.98 annualized dividend and a dividend yield of 3.17%. Citizens Financial Services's dividend payout ratio is currently 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.