Citizens Financial Services Inc. (CZFS) to Distribute Quarterly Dividend of $0.51 on September 25th

Citizens Financial Services Inc. (NASDAQ:CZFS) announced a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.51 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, September 11th.

Citizens Financial Services has raised its dividend payment by an average of 0.0%annually over the last three years. Citizens Financial Services has a dividend payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Citizens Financial Services to earn $8.81 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 23.2%.

Citizens Financial Services Stock Down 0.8%

CZFS stock opened at $82.26 on Wednesday. Citizens Financial Services has a one year low of $52.35 and a one year high of $84.65. The firm has a market cap of $395.67 million, a PE ratio of 9.62 and a beta of 0.36. The firm’s 50 day moving average price is $77.81 and its 200-day moving average price is $69.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.01 and a current ratio of 1.02.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Thursday, July 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.14. The company had revenue of $29.71 million during the quarter, compared to analysts’ expectations of $29.30 million. Citizens Financial Services had a return on equity of 12.06% and a net margin of 23.31%. On average, equities research analysts anticipate that Citizens Financial Services will post 8.72 EPS for the current year.

Institutional Investors Weigh In On Citizens Financial Services

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of Citizens Financial Services in the first quarter worth $249,000. Geode Capital Management LLC grew its stake in Citizens Financial Services by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 106,338 shares of the company’s stock worth $6,246,000 after purchasing an additional 1,681 shares in the last quarter. Rhumbline Advisers increased its holdings in Citizens Financial Services by 25.4% during the 2nd quarter. Rhumbline Advisers now owns 6,604 shares of the company’s stock worth $388,000 after purchasing an additional 1,337 shares during the period. American Century Companies Inc. increased its holdings in Citizens Financial Services by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 28,344 shares of the company’s stock worth $1,664,000 after purchasing an additional 400 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Citizens Financial Services in the 2nd quarter valued at about $124,000. 22.49% of the stock is currently owned by institutional investors and hedge funds.

About Citizens Financial Services

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.