Citizens Financial Services (NASDAQ:CZFS) Issues Quarterly Earnings Results

Citizens Financial Services (NASDAQ:CZFS) posted its quarterly earnings results on Thursday. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.14, Zacks reports. Citizens Financial Services had a net margin of 16.24% and a return on equity of 9.86%.

Citizens Financial Services Price Performance

NASDAQ:CZFS traded up $2.17 on Thursday, reaching $62.67. 10,845 shares of the company’s stock traded hands, compared to its average volume of 13,208. The stock has a 50-day simple moving average of $65.33 and a 200-day simple moving average of $59.00. Citizens Financial Services has a 12 month low of $38.52 and a 12 month high of $75.40. The firm has a market cap of $298.31 million, a PE ratio of 10.82 and a beta of 0.55. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.78.

Citizens Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.13%. The ex-dividend date was Friday, December 13th. Citizens Financial Services’s dividend payout ratio 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.