Citizens Financial Services Inc. (NASDAQ:CZFS) Short Interest Update

Citizens Financial Services Inc. (NASDAQ:CZFS) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 30,295 shares, a drop of 20.0% from the January 15th total of 37,865 shares. Based on an average daily volume of 16,709 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 16,709 shares, the days-to-cover ratio is currently 1.8 days.

Citizens Financial Services Price Performance

NASDAQ:CZFS opened at $63.92 on Friday. The firm has a market capitalization of $307.20 million, a price-to-earnings ratio of 8.38 and a beta of 0.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $61.58 and a 200-day simple moving average of $58.97. Citizens Financial Services has a 1 year low of $49.96 and a 1 year high of $69.30.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.11. The company had revenue of $27.79 million for the quarter. Citizens Financial Services had a return on equity of 11.55% and a net margin of 21.08%. Equities analysts forecast that Citizens Financial Services will post 6.4 EPS for the current year.

Citizens Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Citizens Financial Services’s payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Janney Montgomery Scott upgraded shares of Citizens Financial Services to a “strong-buy” rating in a research report on Wednesday, October 22nd. Zacks Research cut Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Citizens Financial Services in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Citizens Financial Services

Several institutional investors have recently added to or reduced their stakes in CZFS. Cyndeo Wealth Partners LLC purchased a new position in Citizens Financial Services during the 4th quarter valued at $923,000. Segall Bryant & Hamill LLC lifted its holdings in Citizens Financial Services by 141.8% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 27,534 shares of the company’s stock valued at $1,617,000 after buying an additional 16,149 shares in the last quarter. Lawood & Co. purchased a new stake in Citizens Financial Services in the 4th quarter valued at about $612,000. Marshall Wace LLP bought a new position in Citizens Financial Services in the 4th quarter worth about $422,000. Finally, Bailard Inc. purchased a new position in shares of Citizens Financial Services during the fourth quarter worth approximately $413,000. Institutional investors own 22.49% of the company’s stock.

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.