Citizens Financial Services (NASDAQ:CZFS) Announces Earnings Results, Beats Estimates By $0.28 EPS

Key Points

• Citizens Financial Services beat quarterly estimates: The company reported EPS of $2.48, exceeding the $2.20 consensus by $0.28, while revenue reached $31.57 million versus expectations of $31.00 million.
• Shares rose on the results: CZFS traded at $86.08, near its 52-week high of $88.20, with a market capitalization of approximately $414 million.
• Dividend and analyst outlook: The bank maintains a quarterly dividend of $0.51, equivalent to a 2.4% yield, while analyst opinions produce a consensus “Moderate Buy” rating.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) issued its quarterly earnings data on Friday. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.28, FiscalAI reports. Citizens Financial Services had a net margin of 23.31% and a return on equity of 12.06%. The firm had revenue of $31.57 million during the quarter, compared to analysts' expectations of $31.00 million.

Citizens Financial Services Price Performance

CZFS stock traded up $1.18 during midday trading on Friday, reaching $86.08. The company had a trading volume of 77,234 shares, compared to its average volume of 19,677. Citizens Financial Services has a 1 year low of $53.14 and a 1 year high of $88.20. The firm has a 50-day moving average price of $81.02 and a 200-day moving average price of $70.60. The company has a market capitalization of $414.02 million, a P/E ratio of 10.07 and a beta of 0.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 1.01.

Citizens Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.04 annualized dividend and a dividend yield of 2.4%. Citizens Financial Services's dividend payout ratio (DPR) is presently 23.86%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Citizens Financial Services from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, September 21st. Zacks Research downgraded shares of Citizens Financial Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut Citizens Financial Services from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Citizens Financial Services has a consensus rating of "Moderate Buy".

Citizens Financial Services Company Profile

Citizens Financial Services, Inc is a bank holding company headquartered in Mansfield, Pennsylvania. It operates through its principal subsidiary, First Citizens Community Bank, which provides financial services to individuals, families, businesses and organizations.

The bank offers deposit accounts, consumer and commercial lending, residential mortgages, business banking, cash-management services, online and mobile banking, wealth management and trust services. Its lending activities include real estate, agricultural, commercial and consumer loans.

Founded in 1932, First Citizens Community Bank serves communities in central and northern Pennsylvania and southern New York through branch locations and digital banking channels.

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