Citizens Financial Services, Inc. (NASDAQ:CZFS) Sees Significant Decline in Short Interest

Citizens Financial Services, Inc. (NASDAQ:CZFS) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 31,400 shares, a decline of 5.7% from the September 30th total of 33,300 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 12,200 shares, the short-interest ratio is presently 2.6 days.

Citizens Financial Services Trading Up 0.4 %

NASDAQ:CZFS traded up $0.21 during trading hours on Friday, reaching $58.50. The company’s stock had a trading volume of 15,744 shares, compared to its average volume of 10,016. The firm has a market capitalization of $278.46 million, a price-to-earnings ratio of 10.28 and a beta of 0.48. The firm has a 50-day simple moving average of $55.91 and a 200-day simple moving average of $48.83. Citizens Financial Services has a 1 year low of $38.52 and a 1 year high of $65.86. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.00 and a current ratio of 1.01.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Citizens Financial Services had a net margin of 16.24% and a return on equity of 9.99%. The firm had revenue of $24.64 million during the quarter, compared to analysts’ expectations of $25.40 million. Research analysts expect that Citizens Financial Services will post 5.31 EPS for the current fiscal year.

Citizens Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, September 13th. Citizens Financial Services’s payout ratio is 33.85%.

Hedge Funds Weigh In On Citizens Financial Services

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Citizens Financial Services by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 229,271 shares of the company’s stock valued at $11,280,000 after purchasing an additional 10,058 shares in the last quarter. Hudock Inc. boosted its stake in Citizens Financial Services by 1.6% during the second quarter. Hudock Inc. now owns 41,028 shares of the company’s stock worth $1,844,000 after acquiring an additional 627 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Citizens Financial Services by 22.5% during the second quarter. Bank of New York Mellon Corp now owns 23,761 shares of the company’s stock worth $1,068,000 after acquiring an additional 4,369 shares in the last quarter. Rhumbline Advisers boosted its stake in Citizens Financial Services by 10.6% during the second quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock worth $238,000 after acquiring an additional 505 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Citizens Financial Services during the second quarter worth about $32,000. Hedge funds and other institutional investors own 22.49% of the company’s stock.

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.