Citizens Financial Services Inc. (NASDAQ:CZFS) Short Interest Down 23.8% in April

Citizens Financial Services Inc. (NASDAQ:CZFS) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 38,050 shares, a decrease of 23.8% from the March 31st total of 49,941 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is presently 6.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Citizens Financial Services by 93.5% in the 4th quarter. Royal Bank of Canada now owns 447 shares of the company’s stock valued at $25,000 after acquiring an additional 216 shares during the period. BNP Paribas Financial Markets raised its holdings in Citizens Financial Services by 39.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 658 shares of the company’s stock valued at $39,000 after acquiring an additional 186 shares during the period. NBT Bank N A NY raised its holdings in Citizens Financial Services by 2,022.8% in the 1st quarter. NBT Bank N A NY now owns 1,210 shares of the company’s stock valued at $74,000 after acquiring an additional 1,153 shares during the period. Tower Research Capital LLC TRC raised its holdings in Citizens Financial Services by 537.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,332 shares of the company’s stock valued at $78,000 after acquiring an additional 1,123 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Citizens Financial Services by 14,530.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,463 shares of the company’s stock valued at $88,000 after acquiring an additional 1,453 shares during the period. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Stock Performance

Citizens Financial Services stock traded down $2.41 during trading hours on Wednesday, hitting $64.81. The company had a trading volume of 2,057 shares, compared to its average volume of 10,334. The firm has a market cap of $311.52 million, a PE ratio of 8.46 and a beta of 0.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.00 and a quick ratio of 1.00. Citizens Financial Services has a one year low of $49.99 and a one year high of $69.58. The firm has a 50-day moving average of $62.96 and a 200 day moving average of $60.43.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.18. The firm had revenue of $29.80 million for the quarter, compared to analysts’ expectations of $29.10 million. Citizens Financial Services had a net margin of 21.08% and a return on equity of 11.36%. On average, sell-side analysts expect that Citizens Financial Services will post 7.81 earnings per share for the current year.

Citizens Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, March 13th. Citizens Financial Services’s dividend payout ratio is currently 26.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Citizens Financial Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings raised shares of Citizens Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Citizens Financial Services currently has an average rating of “Buy”.

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.