Boenning Scattergood assumed coverage on shares of Citizens Financial Services Inc. (OTCBB:CZFS) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued an outperform rating and a $63.50 price target on the financial services provider’s stock. Boenning Scattergood also issued estimates for Citizens Financial Services’ Q3 2017 earnings at $1.03 EPS, Q4 2017 earnings at $1.09 EPS, FY2017 earnings at $4.03 EPS, Q1 2018 earnings at $1.07 EPS, Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $4.53 EPS and FY2019 earnings at $4.85 EPS.
Citizens Financial Services (OTCBB:CZFS) opened at 55.65 on Wednesday. Citizens Financial Services has a 12 month low of $49.25 and a 12 month high of $56.00. The firm’s 50-day moving average price is $54.48 and its 200 day moving average price is $53.81. The stock has a market cap of $194.39 million, a price-to-earnings ratio of 14.84 and a beta of 0.16.
Citizens Financial Services (OTCBB:CZFS) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter. The firm had revenue of $12.29 million during the quarter. Citizens Financial Services had a return on equity of 10.44% and a net margin of 24.65%. On average, analysts anticipate that Citizens Financial Services will post $4.06 earnings per share for the current year.
In other news, Director Thomas E. Freeman acquired 918 shares of Citizens Financial Services stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average cost of $54.00 per share, for a total transaction of $49,572.00. Following the completion of the purchase, the director now directly owns 10,338 shares in the company, valued at approximately $558,252. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.60% of the company’s stock.
Citizens Financial Services Company Profile
Citizens Financial Services, Inc is a bank holding company for First Citizens Community Bank (the Bank). The Company is engaged in the ownership and management of the Bank and the Bank’s insurance agency subsidiary, First Citizens Insurance Agency, Inc It operates through community banking segment. The Bank is engaged in a range of banking activities and services for individual, business, governmental and institutional customers.
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