Stephen J. Guillaume Acquires 300 Shares of Citizens Financial Services, Inc. (NASDAQ:CZFS) Stock

Citizens Financial Services, Inc. (NASDAQ:CZFS) EVP Stephen J. Guillaume purchased 300 shares of Citizens Financial Services stock in a transaction on Tuesday, April 30th. The shares were acquired at an average cost of $40.00 per share, with a total value of $12,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,586 shares in the company, valued at approximately $143,440. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Citizens Financial Services Stock Performance

Shares of CZFS stock opened at $42.44 on Thursday. Citizens Financial Services, Inc. has a 52-week low of $38.91 and a 52-week high of $92.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.15. The stock has a market cap of $199.89 million, a PE ratio of 11.50 and a beta of 0.34. The business has a 50-day simple moving average of $44.85 and a 200-day simple moving average of $52.59.

Citizens Financial Services (NASDAQ:CZFS) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.02). The company had revenue of $25.34 million during the quarter, compared to analyst estimates of $27.80 million. Citizens Financial Services had a net margin of 11.63% and a return on equity of 10.57%. On average, equities analysts expect that Citizens Financial Services, Inc. will post 6.65 EPS for the current year.

Citizens Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.96 annualized dividend and a yield of 4.62%. Citizens Financial Services’s dividend payout ratio is presently 53.12%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott upgraded shares of Citizens Financial Services from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its position in shares of Citizens Financial Services by 5.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,030 shares of the company’s stock valued at $289,000 after acquiring an additional 337 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Citizens Financial Services during the third quarter worth approximately $37,000. Finally, SG Americas Securities LLC acquired a new stake in Citizens Financial Services in the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 22.49% of the company’s stock.

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.