Weiss Ratings Reaffirms Hold (C) Rating for Citizens Financial Services (NASDAQ:CZFS)

Key Points

• Weiss Ratings has reiterated a Hold (C) rating for Citizens Financial Services (NASDAQ:CZFS), reflecting a consensus rating among analysts.
• The company's stock price recently increased by $1.30, reaching $57.48, with a market capitalization of approximately $276.48 million.
• Citizens Financial Services reported an EPS of $1.76 for the last quarter, exceeding analysts' expectations of $1.62.

Citizens Financial Services (NASDAQ:CZFS - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on CZFS. Wall Street Zen upgraded Citizens Financial Services from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Zacks Research downgraded Citizens Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Citizens Financial Services Price Performance

Shares of NASDAQ CZFS traded up $1.30 during mid-day trading on Wednesday, reaching $57.48. The company's stock had a trading volume of 9,778 shares, compared to its average volume of 10,390. The firm has a market capitalization of $276.48 million, a PE ratio of 8.67 and a beta of 0.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a fifty day moving average of $59.28 and a two-hundred day moving average of $58.82. Citizens Financial Services 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 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. As a group, sell-side analysts anticipate that Citizens Financial Services will post 6.4 EPS for the current fiscal year.

Institutional Trading of Citizens Financial Services

Several hedge funds have recently modified their holdings of CZFS. Nuveen LLC purchased a new stake in shares of Citizens Financial Services during the 1st quarter valued at $44,077,000. GAMMA Investing LLC increased its holdings in shares of Citizens Financial Services by 39,858.3% during the first quarter. GAMMA Investing LLC now owns 23,975 shares of the company's stock valued at $1,392,000 after purchasing an additional 23,915 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Citizens Financial Services by 141.8% in the second quarter. Segall Bryant & Hamill LLC now owns 27,534 shares of the company's stock valued at $1,617,000 after acquiring an additional 16,149 shares in the last quarter. American Century Companies Inc. boosted its holdings in Citizens Financial Services by 25.7% during the first quarter. American Century Companies Inc. now owns 27,944 shares of the company's stock worth $1,622,000 after buying an additional 5,707 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Citizens Financial Services in the 1st quarter valued at approximately $296,000. 22.49% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Financial Services

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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