Dimensional Fund Advisors LP Increases Stock Position in Citizens Financial Services, Inc. (NASDAQ:CZFS)

Dimensional Fund Advisors LP grew its stake in shares of Citizens Financial Services, Inc. (NASDAQ:CZFS) by 99.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,734 shares of the company’s stock after acquiring an additional 5,840 shares during the quarter. Dimensional Fund Advisors LP owned about 0.25% of Citizens Financial Services worth $743,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CZFS. Barclays PLC boosted its holdings in shares of Citizens Financial Services by 286.2% during the 3rd quarter. Barclays PLC now owns 5,924 shares of the company’s stock valued at $347,000 after acquiring an additional 4,390 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Citizens Financial Services by 177.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,272 shares of the company’s stock valued at $427,000 after acquiring an additional 4,655 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Citizens Financial Services during the 4th quarter valued at about $121,000. Stonebridge Financial Group LLC purchased a new stake in shares of Citizens Financial Services during the 4th quarter valued at about $46,000. Finally, Citizens & Northern Corp boosted its holdings in shares of Citizens Financial Services by 29.9% during the 4th quarter. Citizens & Northern Corp now owns 115,922 shares of the company’s stock valued at $7,339,000 after acquiring an additional 26,693 shares during the last quarter. Hedge funds and other institutional investors own 22.49% of the company’s stock.

Citizens Financial Services Stock Performance

CZFS opened at $60.06 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.78. The company has a market cap of $285.89 million, a price-to-earnings ratio of 10.23 and a beta of 0.40. The company’s 50 day moving average is $56.99 and its 200 day moving average is $61.73. Citizens Financial Services, Inc. has a 12-month low of $39.10 and a 12-month high of $75.40.

Citizens Financial Services (NASDAQ:CZFS) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.11. The company had revenue of $26.44 million for the quarter. Citizens Financial Services had a net margin of 16.39% and a return on equity of 9.93%. On average, equities research analysts predict that Citizens Financial Services, Inc. will post 6.4 EPS for the current year.

Citizens Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.495 dividend. This is an increase from Citizens Financial Services’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, March 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.30%. Citizens Financial Services’s dividend payout ratio (DPR) is presently 33.11%.

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.