Citizens Financial Services (NASDAQ:CZFS) CEO Randall Black Buys 478 Shares of Stock

Citizens Financial Services Inc. (NASDAQ:CZFS) CEO Randall Black bought 478 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $54.10 per share, for a total transaction of $25,859.80. Following the completion of the acquisition, the chief executive officer owned 44,013 shares of the company’s stock, valued at approximately $2,381,103.30. This represents a 1.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Citizens Financial Services Price Performance

NASDAQ CZFS opened at $55.26 on Wednesday. Citizens Financial Services Inc. has a fifty-two week low of $49.96 and a fifty-two week high of $74.65. The stock’s 50-day moving average is $58.74 and its two-hundred day moving average is $58.65. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a market cap of $265.63 million, a P/E ratio of 8.33 and a beta of 0.47.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Wednesday, April 20th. The company reported $1.71 earnings per share for the quarter. Citizens Financial Services had a return on equity of 10.36% and a net margin of 18.54%.The company had revenue of $18.69 million for the quarter. On average, analysts anticipate that Citizens Financial Services Inc. will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Increases Dividend

The company also recently declared 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 3.6%. This is a positive change 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 is currently 28.05%.

Institutional Investors Weigh In On Citizens Financial Services

Institutional investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in Citizens Financial Services during the first quarter worth about $38,000. BNP Paribas Financial Markets grew its position in Citizens Financial Services by 39.4% during the second quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock worth $39,000 after buying an additional 186 shares in the last quarter. GAMMA Investing LLC grew its position in Citizens Financial Services by 183.3% during the second quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock worth $69,000 after buying an additional 757 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Citizens Financial Services by 537.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock worth $78,000 after buying an additional 1,123 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Citizens Financial Services by 14,530.0% during the third quarter. Farther Finance Advisors LLC now owns 1,463 shares of the company’s stock worth $88,000 after buying an additional 1,453 shares in the last quarter. 22.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Citizens Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Citizens Financial Services in a report on Wednesday, October 8th. Zacks Research cut shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Janney Montgomery Scott upgraded shares of Citizens Financial Services to a “strong-buy” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.