Citizens Financial Services, Inc. (NASDAQ:CZFS – Get Rating) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 46,500 shares, an increase of 12.0% from the November 30th total of 41,500 shares. Currently, 1.3% of the company's shares are sold short. Based on an average daily volume of 3,000 shares, the short-interest ratio is presently 15.5 days.
Institutional Trading of Citizens Financial Services
Several hedge funds have recently bought and sold shares of CZFS. Ergoteles LLC bought a new position in shares of Citizens Financial Services during the 3rd quarter worth approximately $925,000. Citizens & Northern Corp lifted its holdings in shares of Citizens Financial Services by 0.3% during the third quarter. Citizens & Northern Corp now owns 86,937 shares of the company's stock worth $6,103,000 after buying an additional 250 shares in the last quarter. Maltese Capital Management LLC acquired a new position in Citizens Financial Services in the second quarter valued at about $894,000. FMR LLC bought a new position in shares of Citizens Financial Services in the second quarter worth about $1,432,000. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of Citizens Financial Services during the second quarter worth $239,000. 6.13% of the stock is currently owned by institutional investors and hedge funds.
Get Citizens Financial Services alerts:Citizens Financial Services Trading Up 0.0 %
Citizens Financial Services stock traded up $0.02 during trading hours on Monday, reaching $76.72. 3,500 shares of the company's stock traded hands, compared to its average volume of 2,516. 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 has a fifty-two week low of $59.46 and a fifty-two week high of $88.00. The firm has a market capitalization of $304.66 million, a price-to-earnings ratio of 10.84 and a beta of 0.29. The firm's 50 day moving average is $72.43 and its 200-day moving average is $72.74.
Citizens Financial Services (NASDAQ:CZFS – Get Rating) last announced its quarterly earnings results on Monday, October 24th. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.01. The business had revenue of $21.54 million for the quarter, compared to the consensus estimate of $21.50 million. Citizens Financial Services had a net margin of 32.17% and a return on equity of 14.03%. On average, analysts predict that Citizens Financial Services will post 7.18 earnings per share for the current year.Citizens Financial Services Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, December 15th. This represents a $1.92 annualized dividend and a yield of 2.50%. Citizens Financial Services's dividend payout ratio (DPR) is currently 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.
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