Citizens Financial Services (NASDAQ:CZFS – Get Free Report) announced its earnings results on Thursday. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.14, Zacks reports. The business had revenue of $29.71 million during the quarter, compared to analyst estimates of $29.30 million. Citizens Financial Services had a return on equity of 12.20% and a net margin of 23.31%.
Citizens Financial Services Trading Up 1.5%
CZFS opened at $77.52 on Friday. Citizens Financial Services has a twelve month low of $49.99 and a twelve month high of $79.50. The company has a fifty day moving average of $70.14 and a 200-day moving average of $65.77. The stock has a market cap of $372.10 million, a PE ratio of 9.07 and a beta of 0.36. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.58.
Citizens Financial Services Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.6%. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, June 12th. Citizens Financial Services’s dividend payout ratio is currently 24.91%.
Analysts Set New Price Targets
View Our Latest Stock Report on CZFS
Institutional Trading of Citizens Financial Services
A number of institutional investors have recently bought and sold shares of CZFS. Marshall Wace LLP acquired a new stake in Citizens Financial Services during the 4th quarter worth about $422,000. Millennium Management LLC raised its position in shares of Citizens Financial Services by 118.4% in the 4th quarter. Millennium Management LLC now owns 13,206 shares of the company’s stock worth $753,000 after acquiring an additional 7,158 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Citizens Financial Services in the 3rd quarter valued at about $301,000. Goldman Sachs Group Inc. lifted its stake in shares of Citizens Financial Services by 142.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,435 shares of the company’s stock valued at $481,000 after purchasing an additional 4,960 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of Citizens Financial Services by 71.7% during the 4th quarter. Trexquant Investment LP now owns 10,614 shares of the company’s stock valued at $605,000 after purchasing an additional 4,432 shares in the last quarter. Institutional investors own 22.49% of the company’s stock.
About Citizens Financial Services
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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