Citizens Financial Services, Inc. (NASDAQ:CZFS) Short Interest Up 16.2% in November

Citizens Financial Services, Inc. (NASDAQ:CZFS) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 33,700 shares, a growth of 16.2% from the November 15th total of 29,000 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 1.7 days. Currently, 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Citizens Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in CZFS. Nisa Investment Advisors LLC bought a new position in shares of Citizens Financial Services in the second quarter valued at $32,000. Rhumbline Advisers lifted its position in Citizens Financial Services by 10.6% in the 2nd quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock valued at $238,000 after acquiring an additional 505 shares in the last quarter. Barclays PLC boosted its stake in Citizens Financial Services by 286.2% during the 3rd quarter. Barclays PLC now owns 5,924 shares of the company’s stock valued at $347,000 after purchasing an additional 4,390 shares during the last quarter. De Lisle Partners LLP increased its holdings in Citizens Financial Services by 1.0% during the 3rd quarter. De Lisle Partners LLP now owns 15,354 shares of the company’s stock worth $897,000 after purchasing an additional 152 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Citizens Financial Services by 22.5% in the second quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock worth $1,068,000 after purchasing an additional 4,369 shares during the last quarter. Institutional investors own 22.49% of the company’s stock.

Citizens Financial Services Trading Up 1.5 %

CZFS stock traded up $1.03 during mid-day trading on Monday, reaching $70.42. The company’s stock had a trading volume of 8,220 shares, compared to its average volume of 11,892. Citizens Financial Services has a 12 month low of $38.52 and a 12 month high of $75.40. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average price is $65.16 and its 200 day moving average price is $54.58. The company has a market cap of $335.20 million, a price-to-earnings ratio of 11.98 and a beta of 0.53.

Citizens Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, December 13th. Citizens Financial Services’s dividend payout ratio (DPR) is currently 33.85%.

About Citizens Financial Services

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.