Wall Street Zen Downgrades Citizens Financial Services (NASDAQ:CZFS) to Hold

Citizens Financial Services (NASDAQ:CZFS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

CZFS has been the subject of several other research reports. Zacks Research cut shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Citizens Financial Services from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Citizens Financial Services Price Performance

Shares of NASDAQ CZFS opened at $80.40 on Friday. The stock has a market cap of $386.72 million, a P/E ratio of 9.40 and a beta of 0.35. The business’s fifty day simple moving average is $71.71 and its 200-day simple moving average is $66.45. Citizens Financial Services has a 12-month low of $52.35 and a 12-month high of $83.37. 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 released its earnings results 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 firm had revenue of $29.71 million during the quarter, compared to analysts’ expectations of $29.30 million. As a group, equities analysts predict that Citizens Financial Services will post 8.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Citizens Financial Services

Large investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Citizens Financial Services by 93.5% in 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. BNP Paribas Financial Markets lifted its position in shares of Citizens Financial Services by 39.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after acquiring an additional 186 shares during the period. NBT Bank N A NY increased its stake in Citizens Financial Services by 2,022.8% in the 1st quarter. NBT Bank N A NY now owns 1,210 shares of the company’s stock valued at $74,000 after purchasing an additional 1,153 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Citizens Financial Services by 537.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock worth $78,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Citizens Financial Services by 3,225.0% during the third quarter. Russell Investments Group Ltd. now owns 1,463 shares of the company’s stock worth $88,000 after purchasing an additional 1,419 shares during the last quarter. 22.49% of the stock is owned by institutional investors and hedge funds.

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.