Citizens Financial Services, Inc. (NASDAQ:CZFS – Get Rating) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 39,900 shares, an increase of 75.8% from the October 31st total of 22,700 shares. Currently, 1.1% of the company's stock are short sold. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 13.3 days.
Institutional Investors Weigh In On Citizens Financial Services
Several institutional investors and hedge funds have recently added to or reduced their stakes in CZFS. Northwestern Mutual Wealth Management Co. acquired a new stake in Citizens Financial Services in the 2nd quarter worth approximately $48,000. Belpointe Asset Management LLC acquired a new stake in Citizens Financial Services in the 2nd quarter worth approximately $112,000. Key Financial Inc acquired a new stake in Citizens Financial Services in the 2nd quarter worth approximately $166,000. Kistler Tiffany Companies LLC acquired a new stake in Citizens Financial Services in the 2nd quarter worth approximately $239,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Citizens Financial Services during the second quarter worth approximately $391,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.
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Citizens Financial Services Trading Down 0.2 %
Shares of NASDAQ CZFS opened at $72.01 on Wednesday. The stock has a market cap of $285.95 million, a price-to-earnings ratio of 10.18 and a beta of 0.31. The business has a 50 day simple moving average of $69.61 and a 200 day simple moving average of $71.33. Citizens Financial Services has a 52 week low of $58.42 and a 52 week high of $88.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.94 and a current ratio of 0.94.
Citizens Financial Services (NASDAQ:CZFS – Get Rating) last announced its quarterly earnings results on Monday, October 24th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.89 by $0.01. The business had revenue of $21.54 million during the quarter, compared to analysts' expectations of $21.50 million. Citizens Financial Services had a return on equity of 14.03% and a net
margin of 32.17%. On average, research analysts predict that Citizens Financial Services will post 7.18 earnings per share for the current fiscal year.
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 is a positive change from Citizens Financial Services's previous quarterly dividend of $0.48. This represents a $1.92 annualized dividend and a yield of 2.67%. The ex-dividend date was Thursday, September 15th. Citizens Financial Services's payout ratio is 27.14%.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Citizens Financial Services (CZFS)
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