De Lisle Partners LLP Buys Shares of 20,519 Citizens Financial Services Inc. $CZFS

De Lisle Partners LLP purchased a new position in shares of Citizens Financial Services Inc. (NASDAQ:CZFS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,519 shares of the company’s stock, valued at approximately $1,480,000. De Lisle Partners LLP owned 0.43% of Citizens Financial Services at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CZFS. Lawood & Co. bought a new position in Citizens Financial Services in the fourth quarter valued at approximately $612,000. BNP Paribas Financial Markets boosted its holdings in shares of Citizens Financial Services by 39.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after purchasing an additional 186 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Citizens Financial Services by 93.5% in the 4th quarter. Royal Bank of Canada now owns 447 shares of the company’s stock valued at $25,000 after purchasing an additional 216 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Citizens Financial Services in the 2nd quarter valued at $1,186,000. Finally, Bank of America Corp DE increased its stake in shares of Citizens Financial Services by 69.2% in the 1st quarter. Bank of America Corp DE now owns 8,017 shares of the company’s stock valued at $490,000 after purchasing an additional 3,280 shares during the last quarter. Institutional investors and hedge funds own 22.49% of the company’s stock.

Citizens Financial Services Stock Performance

Shares of Citizens Financial Services stock opened at $81.70 on Friday. Citizens Financial Services Inc. has a fifty-two week low of $52.35 and a fifty-two week high of $84.35. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market capitalization of $392.98 million, a P/E ratio of 9.56 and a beta of 0.35. The company’s 50 day moving average price is $74.86 and its two-hundred day moving average price is $67.68.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Thursday, July 30th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.14. The firm had revenue of $29.71 million for the quarter, compared to analysts’ expectations of $29.30 million. Citizens Financial Services had a net margin of 23.31% and a return on equity of 12.06%. On average, equities analysts forecast that Citizens Financial Services Inc. will post 8.72 earnings per share for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.51 per share. The ex-dividend date was Friday, June 12th. This represents a $2.04 dividend on an annualized basis and a yield of 2.5%. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.50. Citizens Financial Services’s dividend payout ratio is presently 23.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CZFS. Zacks Research cut Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Citizens Financial Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Citizens Financial Services Profile

Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.

Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.