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Citizens Financial Services, Inc. (NASDAQ:CZFS) to Issue Quarterly Dividend of $0.48

kopsource ·  Dec 8, 2022 09:52

Citizens Financial Services, Inc. (NASDAQ:CZFS – Get Rating) declared a quarterly dividend on Tuesday, December 6th, Zacks reports. Investors of record on Friday, December 16th will be paid a dividend of 0.48 per share on Friday, December 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, December 15th.

Citizens Financial Services has increased its dividend by an average of 2.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

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Citizens Financial Services Stock Down 0.7 %

Shares of NASDAQ:CZFS opened at $72.80 on Thursday. The stock has a market cap of $289.02 million, a price-to-earnings ratio of 10.29 and a beta of 0.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.35. Citizens Financial Services has a 12-month low of $58.42 and a 12-month high of $88.00. The business's 50 day moving average is $69.86 and its 200 day moving average is $71.59.

Citizens Financial Services (NASDAQ:CZFS – Get Rating) last posted its quarterly earnings data 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 return on equity of 14.03% and a net margin of 32.17%. The business had revenue of $21.54 million for the quarter, compared to analysts' expectations of $21.50 million. On average, sell-side analysts forecast that Citizens Financial Services will post 7.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Citizens Financial Services stock. FMR LLC acquired a new position in Citizens Financial Services, Inc. (NASDAQ:CZFS – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,723 shares of the company's stock, valued at approximately $1,432,000. FMR LLC owned about 0.52% of Citizens Financial Services at the end of the most recent quarter. Hedge funds and other institutional investors own 5.52% of the company's stock.

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.

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