Citizens Financial Services Inc. (NASDAQ:CZFS) Short Interest Down 23.8% in April

Citizens Financial Services Inc. (NASDAQ:CZFS) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 38,050 shares, a drop of 23.8% from the March 31st total of 49,941 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 6.0 days. Approximately 0.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CZFS. Weiss Ratings raised shares of Citizens Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 17th. Zacks Research cut shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Citizens Financial Services currently has an average rating of “Buy”.

Hedge Funds Weigh In On Citizens Financial Services

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Citizens Financial Services by 93.5% during the fourth quarter. Royal Bank of Canada now owns 447 shares of the company’s stock worth $25,000 after buying an additional 216 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Citizens Financial Services by 39.4% in the second quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after buying an additional 186 shares in the last quarter. NBT Bank N A NY increased its holdings in Citizens Financial Services by 2,022.8% in the first quarter. NBT Bank N A NY now owns 1,210 shares of the company’s stock valued at $74,000 after buying an additional 1,153 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Citizens Financial Services by 537.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock worth $78,000 after acquiring an additional 1,123 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Citizens Financial Services by 14,530.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,463 shares of the company’s stock worth $88,000 after acquiring an additional 1,453 shares during the period. Hedge funds and other institutional investors own 22.49% of the company’s stock.

Citizens Financial Services Stock Performance

Shares of CZFS stock traded down $1.84 during trading hours on Friday, reaching $61.32. 5,078 shares of the company’s stock were exchanged, compared to its average volume of 6,230. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day moving average is $63.01 and its two-hundred day moving average is $60.48. The company has a market cap of $294.95 million, a P/E ratio of 7.71 and a beta of 0.38. Citizens Financial Services has a 1 year low of $49.99 and a 1 year high of $69.58.

Citizens Financial Services (NASDAQ:CZFS) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. The firm had revenue of $29.80 million for the quarter, compared to the consensus estimate of $29.10 million. Citizens Financial Services had a return on equity of 12.05% and a net margin of 22.47%. Equities research analysts anticipate that Citizens Financial Services will post 7.81 EPS for the current fiscal year.

Citizens Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Citizens Financial Services’s dividend payout ratio is 26.21%.

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.