Citizens Financial Services (NASDAQ:CZFS) Trading Up 7.2%

Citizens Financial Services, Inc. (NASDAQ:CZFS) shot up 7.2% during mid-day trading on Thursday . The stock traded as high as $49.49 and last traded at $49.20. 8,742 shares changed hands during trading, an increase of 32% from the average session volume of 6,633 shares. The stock had previously closed at $45.90.

Citizens Financial Services Price Performance

The company has a market cap of $231.73 million, a PE ratio of 12.57 and a beta of 0.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a fifty day moving average price of $49.66 and a 200-day moving average price of $53.19.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.02). The firm had revenue of $25.34 million during the quarter, compared to the consensus estimate of $27.80 million. Citizens Financial Services had a net margin of 12.83% and a return on equity of 11.08%. On average, equities analysts expect that Citizens Financial Services, Inc. will post 6.65 earnings per share for the current year.

Citizens Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Thursday, March 14th. Citizens Financial Services’s dividend payout ratio (DPR) is 50.09%.

Hedge Funds Weigh In On Citizens Financial Services

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. bought a new position in Citizens Financial Services in the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC raised its position in shares of Citizens Financial Services by 194.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 754 shares of the company’s stock valued at $36,000 after acquiring an additional 498 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Citizens Financial Services in the third quarter valued at about $37,000. Osaic Holdings Inc. acquired a new stake in Citizens Financial Services during the 2nd quarter worth approximately $51,000. Finally, Barclays PLC acquired a new position in Citizens Financial Services in the 1st quarter worth $99,000. Institutional investors own 22.49% of the company’s stock.

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.