Citizens Financial Services Inc. (NASDAQ:CZFS – Get Free Report) shares traded up 2.3% on Wednesday . The stock traded as high as $74.70 and last traded at $74.13. Approximately 10,155 shares changed hands during trading, a decline of 18% from the average daily volume of 12,393 shares. The stock had previously closed at $72.44.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of Citizens Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
View Our Latest Report on Citizens Financial Services
Citizens Financial Services Trading Up 2.3%
Citizens Financial Services (NASDAQ:CZFS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The firm had revenue of $29.80 million for the quarter, compared to the consensus estimate of $29.10 million. Citizens Financial Services had a net margin of 22.47% and a return on equity of 11.89%. Equities research analysts forecast that Citizens Financial Services Inc. will post 8.23 earnings per share for the current year.
Citizens Financial Services Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Citizens Financial Services’s previous quarterly dividend of $0.50. Citizens Financial Services’s payout ratio is currently 24.91%.
Hedge Funds Weigh In On Citizens Financial Services
Several hedge funds have recently modified their holdings of the company. Cyndeo Wealth Partners LLC purchased a new position in Citizens Financial Services in the fourth quarter worth $923,000. Lawood & Co. purchased a new stake in Citizens Financial Services during the fourth quarter worth about $612,000. Bailard Inc. bought a new stake in Citizens Financial Services in the fourth quarter worth about $413,000. Strs Ohio raised its position in Citizens Financial Services by 16.4% in the fourth quarter. Strs Ohio now owns 6,400 shares of the company’s stock worth $365,000 after acquiring an additional 900 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Citizens Financial Services by 12.5% in the third quarter. JPMorgan Chase & Co. now owns 4,591 shares of the company’s stock valued at $277,000 after acquiring an additional 510 shares during 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.
Featured Articles
- Five stocks we like better than Citizens Financial Services
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Citizens Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.
