Citizens Financial Services, Inc. (NASDAQ:CZFS) Short Interest Up 23.1% in December

Citizens Financial Services, Inc. (NASDAQ:CZFS) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 41,500 shares, a growth of 23.1% from the November 30th total of 33,700 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 20,000 shares, the short-interest ratio is currently 2.1 days.

Citizens Financial Services Stock Up 1.4 %

Shares of Citizens Financial Services stock traded up $1.10 during trading hours on Tuesday, reaching $65.11. 1,196 shares of the company’s stock were exchanged, compared to its average volume of 12,085. The stock has a market cap of $309.92 million, a P/E ratio of 11.25 and a beta of 0.53. The company has a 50 day moving average of $66.72 and a two-hundred day moving average of $56.18. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78. Citizens Financial Services has a fifty-two week low of $38.52 and a fifty-two week high of $75.40.

Citizens Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Citizens Financial Services’s dividend payout ratio is currently 33.85%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Citizens Financial Services by 22.5% in the second quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock valued at $1,068,000 after purchasing an additional 4,369 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Citizens Financial Services by 10.6% in the second quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock valued at $238,000 after acquiring an additional 505 shares in the last quarter. Hudock Inc. grew its position in shares of Citizens Financial Services by 1.6% during the 2nd quarter. Hudock Inc. now owns 41,028 shares of the company’s stock worth $1,844,000 after purchasing an additional 627 shares in the last quarter. De Lisle Partners LLP increased its holdings in shares of Citizens Financial Services by 1.0% during the third quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock worth $897,000 after purchasing an additional 152 shares during the period. Finally, State Street Corp raised its position in shares of Citizens Financial Services by 2.3% in the third quarter. State Street Corp now owns 72,070 shares of the company’s stock valued at $4,234,000 after buying an additional 1,588 shares in the last quarter. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Company Profile

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.