Citizens Financial Services (NASDAQ:CZFS) Upgraded to “Buy” by Janney Montgomery Scott

Janney Montgomery Scott upgraded shares of Citizens Financial Services (NASDAQ:CZFS) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat.com reports. Janney Montgomery Scott currently has $53.00 target price on the stock.

Citizens Financial Services Stock Performance

Shares of NASDAQ:CZFS opened at $42.60 on Tuesday. The business has a 50-day moving average of $44.77 and a two-hundred day moving average of $52.52. The firm has a market capitalization of $200.65 million, a PE ratio of 11.54 and a beta of 0.40. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.99 and a quick ratio of 0.99. Citizens Financial Services has a 12 month low of $38.91 and a 12 month high of $92.00.

Citizens Financial Services (NASDAQ:CZFS) last posted its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.02). Citizens Financial Services had a return on equity of 10.57% and a net margin of 11.63%. The business had revenue of $25.34 million for the quarter, compared to analyst estimates of $27.80 million. As a group, research analysts forecast that Citizens Financial Services will post 5.66 earnings per share for the current year.

Citizens Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Thursday, March 14th. Citizens Financial Services’s dividend payout ratio is presently 53.12%.

Institutional Trading of Citizens Financial Services

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC raised its stake in shares of Citizens Financial Services by 5.9% during the third quarter. Commonwealth Equity Services LLC now owns 6,030 shares of the company’s stock valued at $289,000 after purchasing an additional 337 shares during the period. SG Americas Securities LLC purchased a new stake in Citizens Financial Services during the 4th quarter worth $119,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Citizens Financial Services during the 3rd quarter worth $37,000. 22.49% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Services Company Profile

Citizens Financial Services, Inc, a bank holding company, provides various banking products and services for individual, business, governmental, and institutional customers. The company accepts various deposit products, such as checking, savings, and time deposit accounts. Its loan products include residential, commercial, and agricultural real estate loans; commercial and industrial loans; state and political subdivision loans; and consumer loans, as well as various other specialized financial services.