Citizens & Northern Corp Acquires 1,159 Shares of Citizens Financial Services Inc. $CZFS

Citizens & Northern Corp increased its holdings in shares of Citizens Financial Services Inc. (NASDAQ:CZFS) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,081 shares of the company’s stock after purchasing an additional 1,159 shares during the period. Citizens Financial Services makes up 1.8% of Citizens & Northern Corp’s portfolio, making the stock its 14th biggest position. Citizens & Northern Corp’s holdings in Citizens Financial Services were worth $6,875,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of 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 acquiring an additional 5,707 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 worth $210,000 after purchasing an additional 318 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Citizens Financial Services in the 1st quarter valued at about $44,077,000. Strs Ohio bought a new stake in shares of Citizens Financial Services in the first quarter valued at about $296,000. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Citizens Financial Services in the first quarter valued at about $661,000. Institutional investors own 22.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CZFS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Citizens Financial Services in a report on Wednesday, October 8th. Wall Street Zen raised shares of Citizens Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Zacks Research lowered shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Citizens Financial Services Stock Performance

Shares of CZFS stock opened at $56.65 on Wednesday. Citizens Financial Services Inc. has a one year low of $49.96 and a one year high of $74.65. The business’s 50 day simple moving average is $59.44 and its 200 day simple moving average is $58.65. The stock has a market capitalization of $272.49 million, a PE ratio of 8.54 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.

Citizens Financial Services (NASDAQ:CZFS) last announced its earnings results on Wednesday, April 20th. The company reported $1.71 EPS for the quarter. The company had revenue of $18.69 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, research analysts forecast that Citizens Financial Services Inc. will post 6.4 earnings per share for the current year.

Citizens Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $0.50 per share. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.50. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, September 12th. Citizens Financial Services’s dividend payout ratio (DPR) is currently 30.17%.

Citizens Financial Services 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.