Citizens Financial Services Inc. (CZFS) to Issue Quarterly Dividend of $0.51 on June 26th

Citizens Financial Services Inc. (NASDAQ:CZFS) announced a quarterly dividend on Tuesday, June 2nd. Stockholders of record on Friday, June 12th will be given a dividend of 0.51 per share on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, June 12th. This is a 2.0% increase from Citizens Financial Services’s previous quarterly dividend of $0.50.

Citizens Financial Services has increased its dividend payment by an average of 0.0%annually over the last three years. Citizens Financial Services has a payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens Financial Services to earn $8.31 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.1%.

Citizens Financial Services Trading Up 3.2%

NASDAQ:CZFS opened at $67.51 on Wednesday. The company has a market capitalization of $324.05 million, a P/E ratio of 8.24 and a beta of 0.38. The firm has a fifty day simple moving average of $64.99 and a 200-day simple moving average of $62.18. Citizens Financial Services has a 12 month low of $49.99 and a 12 month high of $69.58. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Wednesday, April 29th. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. The company had revenue of $29.80 million during the quarter, compared to the consensus estimate of $29.10 million. Citizens Financial Services had a net margin of 22.47% and a return on equity of 11.89%. On average, equities research analysts anticipate that Citizens Financial Services will post 8.23 earnings per share for the current year.

About Citizens Financial Services

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.