Strs Ohio Acquires Shares of 5,100 Citizens Financial Services Inc. $CZFS

Key Points

• Strs Ohio acquired a new stake of 5,100 shares in Citizens Financial Services Inc., valued at approximately $296,000, representing about 0.11% of the company as of its latest SEC filing.
• Citizens Financial Services recently announced an increase in its quarterly dividend to $0.50, to be paid on September 26th, with a current dividend yield of 3.2%.
• Shares of Citizens Financial Services have seen a price performance with a 52-week low of $49.96 and a high of $74.65, with a recent trading opening at $62.70.

Strs Ohio acquired a new stake in shares of Citizens Financial Services Inc. (NASDAQ:CZFS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,100 shares of the company's stock, valued at approximately $296,000. Strs Ohio owned approximately 0.11% of Citizens Financial Services as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in Citizens Financial Services by 9.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,613 shares of the company's stock valued at $210,000 after purchasing an additional 318 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Citizens Financial Services during the 4th quarter valued at approximately $35,000. Stone House Investment Management LLC acquired a new stake in Citizens Financial Services during the 1st quarter valued at approximately $38,000. Trexquant Investment LP grew its stake in Citizens Financial Services by 14.8% during the 1st quarter. Trexquant Investment LP now owns 6,129 shares of the company's stock valued at $356,000 after purchasing an additional 789 shares in the last quarter. Finally, PDT Partners LLC grew its stake in Citizens Financial Services by 33.9% during the 1st quarter. PDT Partners LLC now owns 4,314 shares of the company's stock valued at $250,000 after purchasing an additional 1,092 shares in the last quarter. Institutional investors and hedge funds own 22.49% of the company's stock.

Wall Street Analyst Weigh In

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

Citizens Financial Services Price Performance

Shares of CZFS opened at $62.70 on Wednesday. The firm has a market cap of $301.59 million, a price-to-earnings ratio of 9.46 and a beta of 0.49. The stock has a 50 day moving average of $59.15 and a 200-day moving average of $58.71. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.00. Citizens Financial Services Inc. has a 52 week low of $49.96 and a 52 week high of $74.65.

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, topping the consensus estimate of $1.62 by $0.14. The business had revenue of $27.28 million for the quarter. Citizens Financial Services had a return on equity of 10.36% and a net margin of 18.54%. As a group, analysts forecast that Citizens Financial Services Inc. will post 6.4 EPS for the current year.

Citizens Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.50 dividend. This is a positive change from Citizens Financial Services's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Citizens Financial Services's dividend payout ratio (DPR) is 30.17%.

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.

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