Citizens Financial Services (NASDAQ:CZFS) Stock Rating Upgraded by Zacks Research

Citizens Financial Services (NASDAQ:CZFS) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings cut shares of Citizens Financial Services from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Citizens Financial Services has a consensus rating of “Buy”.

Citizens Financial Services Price Performance

NASDAQ CZFS opened at $74.13 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.58. Citizens Financial Services has a 12-month low of $49.99 and a 12-month high of $74.70. The company has a market capitalization of $355.82 million, a PE ratio of 9.05 and a beta of 0.36. The firm’s 50 day moving average is $66.30 and its 200-day moving average is $63.55.

Citizens Financial Services (NASDAQ:CZFS) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The business had revenue of $29.80 million for the quarter, compared to analyst estimates of $29.10 million. Citizens Financial Services had a net margin of 22.47% and a return on equity of 11.89%. Equities research analysts anticipate that Citizens Financial Services will post 8.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citizens Financial Services

A number of institutional investors have recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC acquired a new stake in Citizens Financial Services in the fourth quarter valued at $923,000. Lawood & Co. bought a new position in shares of Citizens Financial Services in the 4th quarter valued at about $612,000. Bailard Inc. acquired a new position in shares of Citizens Financial Services during the 4th quarter worth about $413,000. Jane Street Group LLC acquired a new position in shares of Citizens Financial Services during the 1st quarter worth about $249,000. Finally, Franklin Resources Inc. bought a new stake in shares of Citizens Financial Services in the 3rd quarter valued at about $217,000. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.

Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.