Citizens Financial Services Inc. (NASDAQ:CZFS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Citizens Financial Services Inc. (NASDAQ:CZFS - Free Report) by 39,858.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,975 shares of the company's stock after buying an additional 23,915 shares during the period. GAMMA Investing LLC owned about 0.50% of Citizens Financial Services worth $1,392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CZFS. BNP Paribas Financial Markets purchased a new stake in Citizens Financial Services during the 4th quarter worth $35,000. Lazard Asset Management LLC purchased a new stake in Citizens Financial Services during the 4th quarter worth $52,000. Tower Research Capital LLC TRC grew its holdings in Citizens Financial Services by 295.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 842 shares of the company's stock worth $53,000 after acquiring an additional 629 shares in the last quarter. PDT Partners LLC acquired a new position in Citizens Financial Services during the 4th quarter worth $204,000. Finally, Deutsche Bank AG grew its holdings in Citizens Financial Services by 88.0% during the 4th quarter. Deutsche Bank AG now owns 4,834 shares of the company's stock worth $306,000 after acquiring an additional 2,263 shares in the last quarter. Hedge funds and other institutional investors own 22.49% of the company's stock.

Citizens Financial Services Stock Up 1.6%

CZFS stock traded up $0.92 during mid-day trading on Wednesday, hitting $57.18. 4,266 shares of the company were exchanged, compared to its average volume of 13,865. The company has a market capitalization of $272.18 million, a PE ratio of 9.56 and a beta of 0.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. Citizens Financial Services Inc. has a twelve month low of $38.71 and a twelve month high of $74.65. The firm has a fifty day simple moving average of $58.24 and a 200 day simple moving average of $60.49.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $26.44 million during the quarter. Citizens Financial Services had a net margin of 16.79% and a return on equity of 9.83%. On average, research analysts forecast that Citizens Financial Services Inc. will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.495 per share. 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 yield of 3.46%. The ex-dividend date is Friday, June 13th. Citizens Financial Services's dividend payout ratio (DPR) is currently 33.11%.

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.