Citizens Financial Services (NASDAQ:CZFS) Lowered to Hold Rating by Zacks Research

Citizens Financial Services (NASDAQ:CZFS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings upgraded Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Citizens Financial Services Stock Down 1.1%

CZFS opened at $76.38 on Wednesday. The company has a fifty day moving average of $69.86 and a two-hundred day moving average of $65.69. The stock has a market capitalization of $367.01 million, a price-to-earnings ratio of 9.33 and a beta of 0.36. Citizens Financial Services has a fifty-two week low of $49.99 and a fifty-two week high of $79.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 0.95.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Thursday, July 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.14. Citizens Financial Services had a net margin of 22.47% and a return on equity of 11.89%. The business had revenue of $29.71 million for the quarter, compared to analyst estimates of $29.30 million. On average, research analysts expect that Citizens Financial Services will post 8.23 earnings per share for the current year.

Institutional Trading of Citizens Financial Services

A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in Citizens Financial Services by 39.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after purchasing an additional 186 shares during the last quarter. Royal Bank of Canada lifted its holdings in Citizens Financial Services by 93.5% in the 4th quarter. Royal Bank of Canada now owns 447 shares of the company’s stock valued at $25,000 after purchasing an additional 216 shares in the last quarter. American Century Companies Inc. boosted its stake in Citizens Financial Services by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 28,344 shares of the company’s stock worth $1,664,000 after purchasing an additional 400 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Citizens Financial Services by 12.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,591 shares of the company’s stock worth $277,000 after purchasing an additional 510 shares during the last quarter. Finally, Strs Ohio boosted its stake in Citizens Financial Services by 16.4% during the 4th quarter. Strs Ohio now owns 6,400 shares of the company’s stock worth $365,000 after purchasing an additional 900 shares during the last quarter. 22.49% of the stock is owned by institutional investors and hedge funds.

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.