Citizens Financial Services, Inc. (NASDAQ:CZFS) Director John P. Painter II Acquires 290 Shares

Citizens Financial Services, Inc. (NASDAQ:CZFS) Director John P. Painter II purchased 290 shares of the stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $56.65 per share, with a total value of $16,428.50. Following the acquisition, the director now owns 1,904 shares of the company’s stock, valued at approximately $107,861.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Citizens Financial Services Stock Performance

Shares of Citizens Financial Services stock opened at $59.24 on Tuesday. The company has a 50 day moving average price of $56.02 and a 200 day moving average price of $49.10. The firm has a market capitalization of $281.98 million, a P/E ratio of 10.23 and a beta of 0.48. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. Citizens Financial Services, Inc. has a 52 week low of $38.52 and a 52 week high of $65.86.

Citizens Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.31%. Citizens Financial Services’s payout ratio is currently 33.85%.

Institutional Investors Weigh In On Citizens Financial Services

A number of large investors have recently made changes to their positions in CZFS. Hudock Inc. raised its stake in Citizens Financial Services by 1.6% in the 2nd quarter. Hudock Inc. now owns 41,028 shares of the company’s stock worth $1,844,000 after acquiring an additional 627 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Citizens Financial Services by 10.6% in the second quarter. Rhumbline Advisers now owns 5,285 shares of the company’s stock worth $238,000 after purchasing an additional 505 shares during the last quarter. 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. Nisa Investment Advisors LLC acquired a new stake in shares of Citizens Financial Services during the second quarter worth about $32,000. Finally, Vanguard Group Inc. boosted its position in Citizens Financial Services by 4.6% in the first quarter. Vanguard Group Inc. now owns 229,271 shares of the company’s stock valued at $11,280,000 after buying an additional 10,058 shares during the last quarter. 22.49% of the stock is owned by hedge funds and other institutional investors.

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.