GAMMA Investing LLC grew its stake in Citizens Financial Services, Inc. (NASDAQ:CZFS - Free Report) by 39,858.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,975 shares of the company's stock after buying an additional 23,915 shares during the period. GAMMA Investing LLC owned 0.50% of Citizens Financial Services worth $1,392,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CZFS. BNP Paribas Financial Markets acquired a new stake in Citizens Financial Services during the fourth quarter valued at $35,000. Lazard Asset Management LLC purchased a new stake in shares of Citizens Financial Services during the 4th quarter valued at approximately $52,000. Tower Research Capital LLC TRC raised its position in shares of Citizens Financial Services by 295.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 842 shares of the company's stock valued at $53,000 after buying an additional 629 shares during the period. PDT Partners LLC purchased a new stake in shares of Citizens Financial Services during the 4th quarter valued at approximately $204,000. Finally, Deutsche Bank AG raised its position in Citizens Financial Services by 88.0% in the fourth quarter. Deutsche Bank AG now owns 4,834 shares of the company's stock valued at $306,000 after purchasing an additional 2,263 shares during the period. Hedge funds and other institutional investors own 22.49% of the company's stock.
Citizens Financial Services Stock Performance
NASDAQ:CZFS opened at $55.31 on Friday. The company has a fifty day simple moving average of $58.21 and a two-hundred day simple moving average of $60.71. The company has a market cap of $263.28 million, a price-to-earnings ratio of 9.42 and a beta of 0.45. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.78. Citizens Financial Services, Inc. has a 52 week low of $38.71 and a 52 week high of $74.65.
Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.11. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. The business had revenue of $26.44 million during the quarter. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.98 dividend on an annualized basis and a yield of 3.58%. 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 33.11%.
Citizens Financial Services Company Profile
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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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