American Century Companies Inc. Boosts Stock Position in Citizens Financial Services Inc. $CZFS

American Century Companies Inc. increased its holdings in Citizens Financial Services Inc. (NASDAQ:CZFS - Free Report) by 25.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,944 shares of the company's stock after purchasing an additional 5,707 shares during the period. American Century Companies Inc. owned 0.59% of Citizens Financial Services worth $1,622,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CZFS. Stone House Investment Management LLC purchased a new stake in shares of Citizens Financial Services during the 1st quarter worth approximately $38,000. Nuveen LLC purchased a new stake in Citizens Financial Services in the first quarter worth $44,077,000. PNC Financial Services Group Inc. increased its stake in Citizens Financial Services by 9.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,613 shares of the company's stock worth $210,000 after purchasing an additional 318 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Citizens Financial Services in the first quarter worth $661,000. Finally, NBT Bank N A NY purchased a new position in shares of Citizens Financial Services during the first quarter valued at $70,000. 22.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Citizens Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd.

Citizens Financial Services Stock Performance

Shares of Citizens Financial Services stock traded down $0.40 on Friday, reaching $61.41. 3,150 shares of the stock were exchanged, compared to its average volume of 8,001. Citizens Financial Services Inc. has a twelve month low of $49.33 and a twelve month high of $74.65. The firm has a market capitalization of $295.38 million, a price-to-earnings ratio of 9.26 and a beta of 0.49. The business has a 50 day moving average price of $59.00 and a two-hundred day moving average price of $58.41. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.00.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.14. Citizens Financial Services had a return on equity of 10.36% and a net margin of 18.54%.The company had revenue of $27.28 million during the quarter. Analysts anticipate that Citizens Financial Services Inc. will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Citizens Financial Services's previous quarterly dividend of $0.50. The ex-dividend date is Friday, September 12th. Citizens Financial Services's dividend payout ratio (DPR) is presently 29.86%.

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.