Citizens & Northern Corp grew its position in Citizens Financial Services Inc. (NASDAQ:CZFS – Free Report) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,081 shares of the company’s stock after acquiring an additional 1,159 shares during the quarter. Citizens Financial Services accounts for about 1.8% of Citizens & Northern Corp’s holdings, making the stock its 14th largest position. Citizens & Northern Corp owned 2.46% of Citizens Financial Services worth $6,875,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in Citizens Financial Services in the first quarter worth about $38,000. GAMMA Investing LLC boosted 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 in the last quarter. PNC Financial Services Group Inc. grew its position in Citizens Financial Services by 9.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,613 shares of the company’s stock valued at $210,000 after acquiring an additional 318 shares during the period. Jane Street Group LLC acquired a new position in Citizens Financial Services during the first quarter worth $249,000. Finally, PDT Partners LLC lifted its holdings in shares of Citizens Financial Services by 33.9% during the first quarter. PDT Partners LLC now owns 4,314 shares of the company’s stock valued at $250,000 after acquiring an additional 1,092 shares during the period. Institutional investors and hedge funds own 22.49% of the company’s stock.
Citizens Financial Services Stock Up 2.1%
NASDAQ:CZFS opened at $56.65 on Wednesday. The stock’s fifty day moving average price is $59.44 and its two-hundred day moving average price is $58.65. The company has a market cap of $272.49 million, a price-to-earnings ratio of 8.54 and a beta of 0.47. Citizens Financial Services Inc. has a 52-week low of $49.96 and a 52-week high of $74.65. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.99 and a current ratio of 1.00.
Citizens Financial Services Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 12th. Citizens Financial Services’s dividend payout ratio (DPR) is 30.17%.
Analysts Set New Price Targets
Several brokerages recently issued reports on CZFS. Zacks Research downgraded shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Wall Street Zen raised Citizens Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Citizens Financial Services in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.
Get Our Latest Analysis on Citizens Financial Services
Citizens Financial Services 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.
Featured Stories
- Five stocks we like better than Citizens Financial Services
- Want to Profit on the Downtrend? Downtrends, Explained.
- Beware The Death Cross: 3 Stocks Triggering This Spooky Signal
- Investing In Preferred Stock vs. Common Stock
- 2 Ways to Trade Qualcomm Ahead of November’s Earnings
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Lululemon: 2 Signs the Bottom Is In, and 1 Sign It Isn’t
Want to see what other hedge funds are holding CZFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Services Inc. (NASDAQ:CZFS – Free Report).
Receive News & Ratings for Citizens Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.