Kistler Tiffany Companies LLC bought a new position in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS – Get Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,417 shares of the company's stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CZFS. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Citizens Financial Services during the second quarter worth about $48,000. Belpointe Asset Management LLC purchased a new stake in shares of Citizens Financial Services during the second quarter worth about $112,000. Key Financial Inc purchased a new stake in Citizens Financial Services in the second quarter valued at approximately $166,000. Commonwealth Equity Services LLC purchased a new stake in Citizens Financial Services in the second quarter valued at approximately $391,000. Finally, Weatherly Asset Management L. P. purchased a new stake in Citizens Financial Services in the second quarter valued at approximately $669,000. Institutional investors and hedge funds own 5.52% of the company's stock.

Citizens Financial Services Price Performance

Citizens Financial Services stock opened at $69.90 on Tuesday. Citizens Financial Services, Inc. has a 1 year low of $58.42 and a 1 year high of $88.00. The firm has a 50 day moving average price of $71.85 and a 200 day moving average price of $71.12. The company has a market cap of $277.50 million, a price-to-earnings ratio of 9.88 and a beta of 0.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.86.

Citizens Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.75%. This is an increase from Citizens Financial Services's previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 15th. Citizens Financial Services's payout ratio is presently 27.14%.

Citizens Financial Services Company Profile

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Citizens Financial Services, Inc operates as the bank holding company for First Citizens Community Bank that 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.

Further Reading

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