Citizens Financial Services (NASDAQ:CZFS – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.
Separately, Weiss Ratings cut shares of Citizens Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Check Out Our Latest Report on CZFS
Citizens Financial Services Stock Up 2.3%
Citizens Financial Services (NASDAQ:CZFS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.18. Citizens Financial Services had a return on equity of 11.89% and a net margin of 22.47%.The business had revenue of $29.80 million during the quarter, compared to the consensus estimate of $29.10 million. As a group, research analysts anticipate that Citizens Financial Services will post 8.23 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Citizens Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 246,735 shares of the company’s stock worth $14,873,000 after buying an additional 1,987 shares during the period. Geode Capital Management LLC boosted its position in shares of Citizens Financial Services by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 110,866 shares of the company’s stock valued at $6,323,000 after acquiring an additional 1,390 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Citizens Financial Services by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 28,590 shares of the company’s stock valued at $1,748,000 after acquiring an additional 4,115 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Citizens Financial Services by 1.4% in the second quarter. American Century Companies Inc. now owns 28,344 shares of the company’s stock valued at $1,664,000 after acquiring an additional 400 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in Citizens Financial Services by 28.2% during the first quarter. Segall Bryant & Hamill LLC now owns 20,701 shares of the company’s stock worth $1,266,000 after acquiring an additional 4,553 shares during the period. 22.49% of the stock is owned by institutional investors and hedge funds.
Citizens Financial Services Company Profile
Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.
Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.
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