Citizens Financial Services, Inc. (CZFS) to Issue Quarterly Dividend of $0.49 on September 27th

Citizens Financial Services, Inc. (NASDAQ:CZFS) announced a quarterly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.49 per share on Friday, September 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, September 13th.

Citizens Financial Services has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Services to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 31.4%.

Citizens Financial Services Stock Performance

Shares of Citizens Financial Services stock traded down $1.59 on Wednesday, reaching $52.66. The stock had a trading volume of 12,876 shares, compared to its average volume of 8,899. The business’s 50-day moving average price is $49.71 and its two-hundred day moving average price is $45.96. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.00 and a current ratio of 1.01. Citizens Financial Services has a fifty-two week low of $38.52 and a fifty-two week high of $65.86. The stock has a market cap of $250.66 million, a P/E ratio of 14.27 and a beta of 0.48.

Citizens Financial Services (NASDAQ:CZFS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Citizens Financial Services had a return on equity of 10.18% and a net margin of 16.44%. The firm had revenue of $24.64 million during the quarter, compared to analyst estimates of $25.40 million. On average, sell-side analysts forecast that Citizens Financial Services will post 5.31 EPS for the current year.

About Citizens Financial Services

Citizens Financial Services, Inc, a bank holding company, 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. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services.