Citizens Financial Services (NASDAQ:CZFS) CEO Acquires $25,859.80 in Stock

Citizens Financial Services Inc. (NASDAQ:CZFS) CEO Randall Black bought 478 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $54.10 per share, for a total transaction of $25,859.80. Following the completion of the transaction, the chief executive officer owned 44,013 shares in the company, valued at approximately $2,381,103.30. This trade represents a 1.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Citizens Financial Services Stock Performance

Citizens Financial Services stock opened at $54.25 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.00. Citizens Financial Services Inc. has a 1 year low of $49.96 and a 1 year high of $74.65. The company has a market cap of $260.78 million, a PE ratio of 8.18 and a beta of 0.47. The company’s 50-day moving average is $58.87 and its two-hundred day moving average is $58.65.

Citizens Financial Services (NASDAQ:CZFS) last released its earnings results on Wednesday, April 20th. The company reported $1.71 earnings per share (EPS) for the quarter. Citizens Financial Services had a net margin of 18.54% and a return on equity of 10.36%. The company had revenue of $18.69 million for the quarter. Equities analysts anticipate that Citizens Financial Services Inc. will post 6.4 earnings per share for the current year.

Citizens Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, September 12th. This is a boost from Citizens Financial Services’s previous quarterly dividend of $0.50. Citizens Financial Services’s dividend payout ratio is currently 28.05%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CZFS. Weiss Ratings restated a “hold (c)” rating on shares of Citizens Financial Services in a research report on Wednesday, October 8th. Wall Street Zen raised Citizens Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Janney Montgomery Scott raised Citizens Financial Services to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research cut Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Citizens Financial Services currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Citizens Financial Services

Large investors have recently bought and sold shares of the business. Stone House Investment Management LLC bought a new stake in Citizens Financial Services during the 1st quarter worth approximately $38,000. BNP Paribas Financial Markets boosted its holdings in Citizens Financial Services by 39.4% during the second quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock worth $39,000 after purchasing an additional 186 shares during the last quarter. GAMMA Investing LLC increased its stake in Citizens Financial Services by 183.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock valued at $69,000 after buying an additional 757 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Citizens Financial Services by 537.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock worth $78,000 after buying an additional 1,123 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Citizens Financial Services by 14,530.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,463 shares of the company’s stock worth $88,000 after buying an additional 1,453 shares during the last quarter. 22.49% of the stock is owned by institutional investors.

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.