Citizens Financial Services Inc. (CZFS) To Go Ex-Dividend on September 11th

Citizens Financial Services Inc. (NASDAQ:CZFS) announced a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.51 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, September 11th.

Citizens Financial Services has increased its dividend by an average of 0.0%per year over the last three years. Citizens Financial Services has a dividend payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.8%

Shares of CZFS opened at $82.26 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $77.81 and a 200-day simple moving average of $69.12. Citizens Financial Services has a 1-year low of $52.35 and a 1-year high of $84.65. The stock has a market cap of $395.67 million, a price-to-earnings ratio of 9.62 and a beta of 0.36.

Citizens Financial Services (NASDAQ:CZFS) last announced its earnings results on Thursday, July 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $29.30 million. Equities analysts forecast that Citizens Financial Services will post 8.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.