Citizens Financial Services, Inc. (NASDAQ:CZFS) Announces Quarterly Dividend of $0.50

Citizens Financial Services, Inc. (NASDAQ:CZFS) declared a quarterly dividend on Thursday, March 6th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.495 per share on Friday, March 28th. This represents a $1.98 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, March 14th. This is a 1.0% increase from Citizens Financial Services’s previous quarterly dividend of $0.49.

Citizens Financial Services has a payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens Financial Services to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 29.0%.

Citizens Financial Services Stock Up 0.1 %

Citizens Financial Services stock traded up $0.07 during mid-day trading on Thursday, hitting $58.00. The company had a trading volume of 11,262 shares, compared to its average volume of 11,542. The stock has a market cap of $276.08 million, a price-to-earnings ratio of 9.88 and a beta of 0.57. 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 has a 1 year low of $38.52 and a 1 year high of $75.40. The business has a fifty day moving average of $61.52 and a 200 day moving average of $61.15.

Citizens Financial Services (NASDAQ:CZFS) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.14. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. On average, sell-side analysts expect that Citizens Financial Services will post 6.4 earnings per share for the current fiscal year.

Citizens Financial Services Company Profile

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.