SG Americas Securities LLC Makes New Investment in Citizens Financial Services, Inc. (NASDAQ:CZFS)

SG Americas Securities LLC acquired a new position in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,844 shares of the company’s stock, valued at approximately $119,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Citizens Financial Services by 429.8% in the second quarter. BlackRock Inc. now owns 268,311 shares of the company’s stock valued at $19,981,000 after purchasing an additional 217,670 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Citizens Financial Services by 105.5% in the 2nd quarter. Geode Capital Management LLC now owns 86,375 shares of the company’s stock valued at $6,432,000 after buying an additional 44,339 shares during the period. State Street Corp increased its stake in shares of Citizens Financial Services by 1,302.1% in the 2nd quarter. State Street Corp now owns 58,889 shares of the company’s stock valued at $4,385,000 after buying an additional 54,689 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Citizens Financial Services during the second quarter worth $2,733,000. Finally, Northern Trust Corp boosted its holdings in Citizens Financial Services by 390.5% in the second quarter. Northern Trust Corp now owns 36,054 shares of the company’s stock valued at $2,685,000 after acquiring an additional 28,704 shares during the last quarter. 22.49% of the stock is owned by institutional investors.

Citizens Financial Services Price Performance

Shares of CZFS stock opened at $43.27 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.15. Citizens Financial Services, Inc. has a 12 month low of $40.71 and a 12 month high of $92.00. The firm has a market cap of $203.80 million, a price-to-earnings ratio of 11.06 and a beta of 0.34. The stock has a 50-day moving average price of $46.06 and a 200 day moving average price of $52.78.

Citizens Financial Services (NASDAQ:CZFS) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.02). Citizens Financial Services had a return on equity of 11.08% and a net margin of 12.83%. The business had revenue of $25.34 million for the quarter, compared to analyst estimates of $27.80 million. Research analysts expect that Citizens Financial Services, Inc. will post 6.65 EPS for the current year.

Citizens Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Thursday, March 14th. Citizens Financial Services’s dividend payout ratio is 50.09%.

About Citizens Financial Services

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.