Citizens Financial Services Inc. $CZFS Shares Acquired by Hudock Inc.

Hudock Inc. lifted its position in shares of Citizens Financial Services Inc. (NASDAQ:CZFS) by 91.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 78,092 shares of the company’s stock after purchasing an additional 37,305 shares during the period. Citizens Financial Services accounts for 0.7% of Hudock Inc.’s portfolio, making the stock its 27th biggest position. Hudock Inc.’s holdings in Citizens Financial Services were worth $5,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CZFS. Royal Bank of Canada grew its position in shares of Citizens Financial Services by 93.5% during the 4th quarter. Royal Bank of Canada now owns 447 shares of the company’s stock valued at $25,000 after acquiring an additional 216 shares during the period. Legal & General Group Plc acquired a new position in Citizens Financial Services in the 2nd quarter worth about $35,000. BNP Paribas Financial Markets boosted 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 purchasing an additional 186 shares in the last quarter. NBT Bank N A NY boosted its position in Citizens Financial Services by 2,022.8% during the first quarter. NBT Bank N A NY now owns 1,210 shares of the company’s stock worth $74,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings 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 period. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Price Performance

Citizens Financial Services stock traded down $0.66 during midday trading on Tuesday, reaching $82.26. The company had a trading volume of 22,185 shares, compared to its average volume of 15,200. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 1.01. Citizens Financial Services Inc. has a 12-month low of $52.35 and a 12-month high of $84.65. The company has a market capitalization of $395.67 million, a P/E ratio of 9.62 and a beta of 0.36. The firm’s fifty day simple moving average is $77.81 and its 200-day simple moving average is $69.12.

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

Citizens Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, September 11th. Citizens Financial Services’s payout ratio is presently 23.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Zacks Research lowered Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Citizens Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

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.