Citizens Financial Services, Inc. (NASDAQ:CZFS) EVP Acquires $12,000.00 in Stock

Citizens Financial Services, Inc. (NASDAQ:CZFS) EVP Stephen J. Guillaume acquired 300 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average cost of $40.00 per share, with a total value of $12,000.00. Following the acquisition, the executive vice president now owns 3,586 shares of the company’s stock, valued at $143,440. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Citizens Financial Services Stock Performance

Shares of CZFS traded up $0.22 during midday trading on Tuesday, hitting $41.00. 1,415 shares of the stock traded hands, compared to its average volume of 6,238. Citizens Financial Services, Inc. has a 1-year low of $38.91 and a 1-year high of $92.00. The firm has a market capitalization of $193.11 million, a PE ratio of 11.05 and a beta of 0.34. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $45.12 and its two-hundred day moving average price is $52.70.

Citizens Financial Services (NASDAQ:CZFS) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.02). The company had revenue of $25.34 million during the quarter, compared to analyst estimates of $27.80 million. Citizens Financial Services had a return on equity of 10.57% and a net margin of 11.63%. Equities research analysts predict that Citizens Financial Services, Inc. will post 6.65 EPS for the current fiscal year.

Citizens Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend was Thursday, March 14th. Citizens Financial Services’s payout ratio is currently 53.12%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised shares of Citizens Financial Services from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday.

Institutional Investors Weigh In On Citizens Financial Services

Several institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Citizens Financial Services in the 3rd quarter valued at about $37,000. SG Americas Securities LLC bought a new stake in shares of Citizens Financial Services in the 4th quarter valued at approximately $119,000. Finally, Commonwealth Equity Services LLC boosted its position in Citizens Financial Services by 5.9% during the third quarter. Commonwealth Equity Services LLC now owns 6,030 shares of the company’s stock worth $289,000 after purchasing an additional 337 shares during the period. Institutional investors and hedge funds own 22.49% of the company’s stock.

About Citizens Financial Services

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.