Citizens Financial Services (NASDAQ:CZFS) Releases Earnings Results, Beats Expectations By $0.14 EPS

Citizens Financial Services (NASDAQ:CZFS) posted its quarterly earnings data on Thursday. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.14, Zacks reports. Citizens Financial Services had a return on equity of 11.89% and a net margin of 22.47%.The company had revenue of $29.71 million during the quarter, compared to analysts’ expectations of $29.30 million.

Citizens Financial Services Trading Down 1.1%

NASDAQ CZFS opened at $76.38 on Friday. Citizens Financial Services has a one year low of $49.99 and a one year high of $79.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $367.01 million, a price-to-earnings ratio of 9.33 and a beta of 0.36. The company’s 50-day simple moving average is $69.86 and its two-hundred day simple moving average is $65.69.

Citizens Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.51 per share. This is a positive change from Citizens Financial Services’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.04 dividend on an annualized basis and a yield of 2.7%. Citizens Financial Services’s payout ratio is 24.91%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CZFS shares. Weiss Ratings raised shares of Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday. Zacks Research cut shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Citizens Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in Citizens Financial Services by 93.5% during the fourth quarter. Royal Bank of Canada now owns 447 shares of the company’s stock valued at $25,000 after buying an additional 216 shares during the period. BNP Paribas Financial Markets grew its stake in Citizens Financial Services by 39.4% in the second quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after purchasing an additional 186 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Citizens Financial Services by 537.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock valued at $78,000 after purchasing an additional 1,123 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Citizens Financial Services by 3,225.0% in the third quarter. Russell Investments Group Ltd. now owns 1,463 shares of the company’s stock worth $88,000 after purchasing an additional 1,419 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Citizens Financial Services in the second quarter worth about $124,000. 22.49% of the stock is currently owned by institutional investors.

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.