Citizens Financial Services, Inc. (NASDAQ:CZFS – Get Rating) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,000 shares, a decline of 33.3% from the September 30th total of 1,500 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.
Citizens Financial Services Stock Performance
Shares of CZFS stock opened at $68.25 on Friday. The firm has a market cap of $270.95 million, a price-to-earnings ratio of 9.65 and a beta of 0.34. 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 has a 52 week low of $58.42 and a 52 week high of $88.00. The firm's 50-day simple moving average is $73.80 and its two-hundred day simple moving average is $71.08.
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Citizens Financial Services (NASDAQ:CZFS – Get Rating) last posted its earnings results on Monday, October 24th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. Citizens Financial Services had a net margin of 32.17% and a return on equity of 13.83%. As a group, equities analysts forecast that Citizens Financial Services will post 7.31 earnings per share for the current year.
Citizens Financial Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.48 dividend. This is an increase from Citizens Financial Services's previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 15th. This represents a $1.92 annualized dividend and a dividend yield of 2.81%. Citizens Financial Services's dividend payout ratio (DPR) is presently 27.14%.
Hedge Funds Weigh In On Citizens Financial Services
Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Citizens Financial Services during the second quarter valued at approximately $48,000. Belpointe Asset Management LLC purchased a new position in Citizens Financial Services during the second quarter valued at approximately $112,000. Key Financial Inc purchased a new position in Citizens Financial Services in the 2nd quarter worth approximately $166,000. Kistler Tiffany Companies LLC purchased a new position in Citizens Financial Services in the 2nd quarter worth approximately $239,000. Finally, Commonwealth Equity Services LLC purchased a new position in Citizens Financial Services in the 2nd quarter worth approximately $391,000. Hedge funds and other institutional investors own 5.52% of the company's stock.
About Citizens Financial Services
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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.
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