Citizens Financial Services Inc. (NASDAQ:CZFS) Plans Quarterly Dividend of $0.51

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) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, September 11th.

Citizens Financial Services has raised its dividend by an average of 0.0%per year over the last three years. Citizens Financial Services has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of CZFS opened at $82.26 on Wednesday. The stock has a market capitalization of $395.67 million, a price-to-earnings ratio of 9.62 and a beta of 0.36. Citizens Financial Services has a 12 month low of $52.35 and a 12 month high of $84.65. The firm has a fifty day simple moving average of $77.81 and a 200 day simple moving average of $69.12. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.12.

Citizens Financial Services (NASDAQ:CZFS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.14. The firm had revenue of $29.71 million for the quarter, compared to analyst estimates of $29.30 million. Citizens Financial Services had a net margin of 23.31% and a return on equity of 12.06%. Research analysts forecast that Citizens Financial Services will post 8.72 EPS for the current fiscal year.

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.