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

Citizens Financial Services Inc. (NASDAQ:CZFS) announced a quarterly dividend on Tuesday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 13th will be given a dividend of 0.50 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, March 13th.

Citizens Financial Services has raised its dividend payment by an average of 0.0%per year over the last three years. Citizens Financial Services has a dividend payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. 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 $2.00 annual dividend with an expected future payout ratio of 29.6%.

Citizens Financial Services Trading Down 4.0%

Shares of CZFS traded down $2.56 during trading hours on Thursday, hitting $60.66. 12,143 shares of the stock were exchanged, compared to its average volume of 12,017. Citizens Financial Services has a fifty-two week low of $49.96 and a fifty-two week high of $69.30. The business has a 50-day moving average of $61.99 and a 200-day moving average of $59.60. The firm has a market capitalization of $291.53 million, a P/E ratio of 7.95 and a beta of 0.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.98 and a quick ratio of 0.98.

Citizens Financial Services (NASDAQ:CZFS) last released its earnings results on Thursday, January 29th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.12. Citizens Financial Services had a net margin of 21.08% and a return on equity of 11.55%. The business had revenue of $27.79 million for the quarter. On average, research analysts expect that Citizens Financial Services will post 6.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CZFS. Cyndeo Wealth Partners LLC bought a new position in Citizens Financial Services in the fourth quarter worth approximately $923,000. Segall Bryant & Hamill LLC raised its position in shares of Citizens Financial Services by 141.8% during the second quarter. Segall Bryant & Hamill LLC now owns 27,534 shares of the company’s stock worth $1,617,000 after purchasing an additional 16,149 shares during the period. Lawood & Co. bought a new position in shares of Citizens Financial Services in the 4th quarter worth $612,000. Marshall Wace LLP bought a new position in shares of Citizens Financial Services in the 4th quarter worth $422,000. Finally, Bailard Inc. acquired a new stake in Citizens Financial Services in the 4th quarter valued at $413,000. 22.49% of the stock is owned by institutional investors and hedge funds.

About Citizens Financial Services

Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.

Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.