Segall Bryant & Hamill LLC Makes New $661,000 Investment in Citizens Financial Services Inc. (NASDAQ:CZFS)

Segall Bryant & Hamill LLC bought a new position in shares of Citizens Financial Services Inc. (NASDAQ:CZFS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,385 shares of the company's stock, valued at approximately $661,000. Segall Bryant & Hamill LLC owned about 0.24% of Citizens Financial Services at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CZFS. BNP Paribas Financial Markets purchased a new position in shares of Citizens Financial Services during the fourth quarter worth about $35,000. Lazard Asset Management LLC acquired a new stake in shares of Citizens Financial Services during the fourth quarter worth about $52,000. Tower Research Capital LLC TRC boosted its stake in shares of Citizens Financial Services by 295.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 842 shares of the company's stock worth $53,000 after buying an additional 629 shares during the period. NBT Bank N A NY acquired a new stake in shares of Citizens Financial Services during the first quarter worth about $70,000. Finally, PDT Partners LLC acquired a new stake in shares of Citizens Financial Services during the fourth quarter worth about $204,000. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Price Performance

Shares of CZFS stock traded up $1.45 during midday trading on Monday, reaching $60.45. 9,102 shares of the company traded hands, compared to its average volume of 10,698. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.99 and a quick ratio of 0.99. Citizens Financial Services Inc. has a 1-year low of $40.79 and a 1-year high of $74.65. The firm has a market cap of $287.74 million, a PE ratio of 10.11 and a beta of 0.44. The firm's 50 day simple moving average is $60.24 and its two-hundred day simple moving average is $59.35.

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 (EPS) for the quarter, beating 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, equities research analysts expect that Citizens Financial Services Inc. will post 6.4 EPS for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.495 dividend. This is a boost from Citizens Financial Services's previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 13th. This represents a $1.98 annualized dividend and a yield of 3.28%. Citizens Financial Services's dividend payout ratio is 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.