Citizens Financial Services (NASDAQ:CZFS) Posts Earnings Results, Beats Expectations By $0.28 EPS

Citizens Financial Services (NASDAQ:CZFS) posted its quarterly earnings results on Friday. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28, FiscalAI reports. Citizens Financial Services had a return on equity of 12.06% and a net margin of 23.31%. The firm had revenue of $31.57 million during the quarter, compared to analyst estimates of $31.00 million.

Citizens Financial Services Stock Up 1.4%

CZFS stock traded up $1.18 on Friday, hitting $86.08. 77,234 shares of the company’s stock were exchanged, compared to its average volume of 19,677. The stock has a market cap of $414.02 million, a P/E ratio of 10.07 and a beta of 0.37. Citizens Financial Services has a 12-month low of $53.14 and a 12-month high of $88.20. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a 50 day moving average price of $81.02 and a two-hundred day moving average price of $70.60.

Citizens Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, September 11th. Citizens Financial Services’s dividend payout ratio is currently 23.86%.

Wall Street Analysts Forecast Growth

CZFS has been the topic of several analyst reports. Zacks Research cut shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Citizens Financial Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Finally, Wall Street Zen downgraded Citizens Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc is a bank holding company headquartered in Mansfield, Pennsylvania. It operates through its principal subsidiary, First Citizens Community Bank, which provides financial services to individuals, families, businesses and organizations.

The bank offers deposit accounts, consumer and commercial lending, residential mortgages, business banking, cash-management services, online and mobile banking, wealth management and trust services. Its lending activities include real estate, agricultural, commercial and consumer loans.

Founded in 1932, First Citizens Community Bank serves communities in central and northern Pennsylvania and southern New York through branch locations and digital banking channels.